Monthly Archives: December 2016

Bank Charges

The bank charged for issuing FIRC certificates but debited other bank account in the same branch being maintained for Local Fund. NGO may consider the Bank Charges as Administrative Expenses under either source category. Comments. CA, Satish Joshi

Posted in FCRA, TAX, LEGAL | 4 Comments

Which type of bank account to be opened for FCRA purpose.

Dear Members, Please clarify, if saving bank account can be opened for FCRA purpose. Wg Cdr Anil.Kr. Marya ( Retd) Project Executive, ‘Education for Livelihood’ Rotarys’ Kusumpur Community Service Project & IP-President RWA ‘Mayuri-Enclave’

Posted in FCRA, TAX, LEGAL | 6 Comments

Are separate FC-4 returns required for Prior Permission & Registration?

Dear Sir, Need clarification on filing of FCRA return for a NGO got the fund on various prior permissions till August, 2016 and in Sep 2016 NGO got the FCRA registration and got the fund under FCRA registration. We need … Continue reading

Posted in FCRA, TAX, LEGAL | 1 Comment

How to become All India Level Society from Single State Society?

Dear Esteemed Members Greetings from New Delhi! You are requested to guide me in the following matter: Facts of Case 1. Existing Charitable Society registered in New Delhi under Societies Registration Act 1860. 2. 12A & 80G Registration obtained under … Continue reading

Posted in FCRA, TAX, LEGAL | 4 Comments

Requirement for filing return under Lokpal postponed (indefinitely ?)

Dept of Personnel & Training, nodal Dept for Lokpal has come out with an Office Memorandum dt 1 Dec 2016 stating that ‘there is no requirement for filing of declarations of assets and liabilities by public servants now’. Following conclusions … Continue reading

Posted in FCRA, TAX, LEGAL | Tagged , | 1 Comment

Cash Deposits by NGOs under demonetisation

Present Income Tax Act 1961 has provided for tax treatment of anonymous donations as per Sec. 115BBC. Here the term is anonymous donations and this is different from cash donations. In case an NGO has received Cash donations, our suggestions are … Continue reading

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