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Author Archives: SRRF
FCRA Amendment 2020 – Likely Impact
Govt has introduced amendments in FCRA through FCRA 2020, which are likely to have a major impact on the way the NGO Sector works. Major changes with brief description is as follows: No transfer of FC to Public Servant: Addition … Continue reading
Posted in FCRA, TAX, LEGAL
12 Comments
Govt. proposes to postpone compulsory renewal of S.12AA & S.80G to 1-4-2021
Govt has introduced a bill in Lok Sabha yesterday (18 Sep 2020) to postpone compulsory renewal of S.12AA & S.80G renewals to 1st April 2021. This will be a temporary relief, Govt has initially planned it effective 1st June 2020 … Continue reading
Posted in FCRA, TAX, LEGAL
1 Comment
Is FCRA prior permission needed for grant from a company?
Dear Members, I have a query under Foreign Contribution (Regulation) Act, 2010. A company whose business is to provide low cost greenhouses to small and marginal farmers has received grants from a foreign Bank. The nature of the amount received … Continue reading
Posted in FCRA, TAX, LEGAL
4 Comments
Can the Trust give place to FC registered organisation to install the USG machine
Dear Sir/Mam,Thanks a lot for the information about USG installation. I like to know another information. The Non FC registered Trust has no capacity to buy USG machine, but the facilities is needed in the area as there is no … Continue reading
Posted in FCRA, TAX, LEGAL
Comments Off on Can the Trust give place to FC registered organisation to install the USG machine
Redeposit Petty Cash fund at the end of every month in Utilization Bank
Dear Members, I would like to get expert opinion on the following case: can quote the clause if mentioned in the FCRA 2010. Can petty cash (less than INR 5,000) be redeposited at the impressed/utilization bank account every month; the … Continue reading
Posted in FCRA, TAX, LEGAL
3 Comments
Offering USG Machine to a Trust
Dear Members, I would like to know whether a FCRA Registered social organisation can by Ultra Sonography Machine(USG machine) with foreign donation and can offer that USG machine to a health center needed most run by a Charitable Trust which … Continue reading
Posted in FCRA, TAX, LEGAL
6 Comments
Transfer of fund from FCRA utilization to partner main FCRA account
Dear Sir, This is Sourav Ghosh from Delhi, I have a query regarding the FCRA utilization account. Is it possible to transfer fund to Grant Partner i.e, another NGO main FCRA designated account from our organization FCRA utilization account. … Continue reading
Posted in FCRA, TAX, LEGAL
4 Comments
Query – Process to update FCRA Bank Account changed due to merger of the Banks.
Sirs, Governmentof India took a decision to merge many public sector banks to merge into a few number of banks. Our Vijaya Bank is merged with Bank of Baroda. Our bank account number and bank registered for receiving funds under … Continue reading
Posted in FCRA, TAX, LEGAL
1 Comment
TAXABILITY OF SPECIFIC DONATION TO TRUST NOT REGISTERED UNDER 12A
Dear Sir/Mam, We sought guidance/ suggestions regarding the following queries in case of Trust established vide duly executed Trust Deed:- 1. Whether the Trust can receive donation from Trustees towards Corpus in Cash of > Rs. 2,000/- ?2. Whether donations received … Continue reading
Posted in FCRA, TAX, LEGAL
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Procedure and formalities to open NGO in India by OCI card holder
Dear Sir, I would request you if you can provide information about the provisions of FCRA and other laws related to a person who is a foreign citizen of Indian origin with an OCI card retired and moved to India … Continue reading
Posted in FCRA, TAX, LEGAL
4 Comments