Author Archives: SRRF

Problem in filing FC-4

Dear Members, My query is in context to the New FCRA Annual return. As you are aware,  We are making Receipt & Payments,Income & Expenditure and balance sheet for our FC fund.  We are in receipt of nos of Projects … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

FCRA: ROVING ENQUIRIES ‎

Dear Friends, I wanted to bring to notice a strange incident which happened yesterday which looks like a new Fraud taking place but I am unable to understand the motive. I got a call yesterday (22nd October) around 5:45 p.m. … Continue reading

Posted in FCRA, TAX, LEGAL | 4 Comments

Opportunity to file Delayed annual returns – Final date ‎approaching fast ‎

All NGOs (or all those who are aware of any such NGOs) whose FCRA registration was cancelled are reminded to ensure that they upload their annual accounts at the earliest. This is a golden opportunity for all those NGOs whose … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

FCRA Rules amended again – Now require affidavit from each office bearer / members

FCRA authorities have again amended FCRA Rules. Find the Notification on the link below. (click for notification) This amendment now requires all persons (Chief Functionary,Chairperson, President, Secretary, CEO, MD, office bearer, key functionary,members) associated with governance of an NGO to … Continue reading

Posted in FCRA, TAX, LEGAL | 11 Comments

OPPORTUNITY TO FILE DELAYED ANNUAL RETURNS ‎WITHOUT PAYING FINES ‎

FCRA Dept in a rare initiative brought relief to over 15000 NGOs whose registrations had been cancelled for non-filing of online Annual Returns. It has now opened a window for these organisations to file these Annual Returns online, without paying … Continue reading

Posted in FCRA, TAX, LEGAL | 1 Comment

Family Trust

In the case of a registered family trust what is the role of the “author”? If the original author is no more who will be heading the Trust? Can the Managing trustee can be the chief functionary? Dr. Chandrasekhar Sankurathri, … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Can we (FCRA Body) manage schools with no FCRA? ‎

Sir, ‎ A Society with FCRA Registration for EDUCATION PURPOSES wants to create Education infrastructure with its own ‎‎/ FCRA funds and manage and run Education Institutions thro’ No FCRA Registration – Charitable Organisation. No ‎transfer of assets. Is it … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Budget Amendments – 12A to be cancelled in case of non-compliance with all laws

Finance Bill has now empowered Income Tax authorities to not grant 12A registration of a Charitable Entity or cancel the same, if already granted, in case it transpires that the entity has not complied with any specific law which is … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

Reduces the Rate of ESI Contribution from 6.5% to 4%

The Government of India has taken a historic decision to reduce the rate of contribution under the ESI ‎Act from 6.5% (4.75% +1.75%) to 4% (3.25%+0.75%). Employers’ contribution being reduced from ‎‎4.75% to 3.25% and employees’ contribution being reduced from … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

No Ease of Poverty Alleviation for non-profits

Dear Friends,‎FCRA allows FDI NOT FOR PROFIT.‎ Foreign fund through NGOs is FDI for poverty alleviation through development and jobs without ‎profit motive.Hence FCRA rules and regulations should enhance ease of doing development work ‎aimed at alleviating poverty. Related laws … Continue reading

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