Monthly Archives: February 2021

Clarification on Foreign Donation

Posted on February 19, 2021 by SRRF

Dear Sir/Mam, Need your guidance regarding donation from Foreign National (Foreign Passport) doing business in India and having valid PAN card and Aadhar.Does donation from this person through his/her SBI Account (India branch) be considered a Normal Donation or Foreign … Continue reading →

Posted in FCRA, TAX, LEGAL | 11 Comments

Correction of Trust Name

Posted on February 18, 2021 by SRRF

Respected sir, I’ve registered a trust through a lawyer on 6th feb 2021 in Mathura district of Uttar Pradesh but spelling of trust name on e-stamp is wrong. I’m president of the trust and would like to correct the spelling of … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Transferring funds to foreign accounts

Posted on February 11, 2021 by SRRF

We have the following query – Can a charitable Trust having 80G and 12AA certificates, transfer funds into a vendor’s foreign account for services rendered outside India, but for a project in India? Would it flout any conditions of the … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

What if FCRA Registration is not ‘Renewed’ before the ‘Expiry’ Date

Posted on February 10, 2021 by SRRF

There is some confusion regarding consequences of non-renewal before expiry of FCRA Registration Certificate.  Many consider that in such a scenario, concerned entity cannot receive or utilize funds. This is based on reading of Rule 12(5), which is reproduced below: … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on What if FCRA Registration is not ‘Renewed’ before the ‘Expiry’ Date

MAJOR CHANGES IN CSR PROVISIONS

Posted on February 2, 2021 by SRRF

As many of you may be aware that recently new CSR rules have been brought by Ministry of Corporate Affairs. We provide below a summary of major change for your reference. Societies & Trusts allowed to implement CSR projects Draft … Continue reading →

Posted in CSR / SSE | 7 Comments