Rectifying error in Quarterly returns

Posted on January 1, 2020 by SRRF

Dear Members

An Indian entity transferred money to our FCRA account in March 2019. We informed the bank and the funds were returned immediately.

While filing quarterly returns the amount has been mistakenly shown as income. Is there a process to correct this?

Thanks

Dr.Prahalathan KK,
Co-founder, Bhumi

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4 Responses to Rectifying error in Quarterly returns

  1. Dr.Prahalathan KK says:
    January 8, 2020 at 4:11 pm

    Thank you, We’ll take this suggestion. Do you have any thoughts about rectifying the past mistake?

  2. Subhash Mittal says:
    January 6, 2020 at 8:19 pm

    Well initially there was never a concept of qtly return, it was simply ‘placing details of FC received on its (NGO) website or on the website as specified by Central Govt. (FCRA website)’ (Rule 13(b)). However in their over-zealousness many NGOs started filing these returns on FCRA website. While it is in compliance of rules, but so was placing of information on own website. In addition to compliance, it allowed flexibility to NGOs, as FCRA website does not allow any revision, whatsover.

    • Shridhar Pandey says:
      January 8, 2020 at 9:41 am

      Dear Sir,
      Our organization have change in governing board 4 out of 9. Form 6E have closed within one month in June 2019 in which it was allowed to intimate any change. We could not done in that period.
      What can I do now?

      With Regards

      Shridhar Pandey

  3. Laxmikant Shastri says:
    January 1, 2020 at 9:03 am

    Filing Quarterly Return is not mandatory if you have website you can same upload on your website….if you do not have website then you can file the return…

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