Monthly Archives: May 2016

Huge reduction in funds under FCRA

Posted on May 30, 2016 by SRRF

As most of the stakeholders associated with Voluntary Sector had been lamenting regarding shrinking of FCRA funds for the Sector. Now this is confirmed. In a press report based on a RTI application filed by NewsLaundry.com, a media portal, it … Continue reading →

Posted in FCRA, TAX, LEGAL | 6 Comments

Applicability of TDS and Service Tax on Project Grants

Posted on May 6, 2016 by SRRF

Dear Dialogue Members, Ours is a Corporate with over 51% of FDI. We also have a registered Foundation. We release project grants through these two sources to local NGOs. What kind of taxation is involved when we release money to … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

How to deal with erroneous Bank Deposits?

Posted on May 4, 2016 by SRRF

Dear Sir/Madam An FCRA registered organization has erroneously given its FCRA bank account number to a local donor. These funds were to be received as local donation. Effectively, Local  donations are credited to FCRA account (Amounting to Rs.2.88 lacs). What … Continue reading →

Posted in FCRA, TAX, LEGAL | 6 Comments