Clarification for preparing FC-6

Following query received from Mr. Sunil Kumar Suryavanshi on the topic “Clarification for preparing FC-6”. Kindly provide your responses.

Dear All

We have registered under FCRA and regularly filed FCRA return. There is one confusion, we have purchased some assets for implementation projects like computers, laptop and other office equipments.

Kindly suggest the what purpose need to be indicated for expenditure in FC-6, since there is no specific row for fixed assets.

With Regards
Sunil Kumar Suryavanshi
Accounts Department
36, Green Avenue, Chuna Bhatti, Kolar Road,
Bhopal M.P. 462 016

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2 Responses to Clarification for preparing FC-6

  1. B V Soma Sastry says:

    Dear Sunil,
    Greetings from Hyderabad!

    As per my understanding there is no need to show the utilization on the purchase of fixed assets separately. The assets have been purchased for implementing a particular project and so the utilization will also be shown against the head in which the grants are being reflected. At the time of sale of assets, it has to be separately reflected in the head “Sale of asset” in FC-6 as the asset was purchased from the FC funds.

    I hope this solves your query.

    Thanks and regards,

    B V Soma Sastry

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