Author Archives: SRRF

CSR funds can be spent on COVID-19

Posted on March 24, 2020 by SRRF

Ministry of Corporate Affairs has clarified vide it’s General Circular No. 10/2020, dated 23.02.2020;  that spending of CSR Funds by companies for various activities related to COVID-19 under Schedule VII of companies Act 2013 is an eligible CSR activity. (Click … Continue reading →

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Proposed Changes in CSR Rules

Posted on March 19, 2020 by SRRF

A detailed note has been prepared on proposed changes in CSR Rules, highliting all the changes you may go through the same. You may read it here. Considering Trusts and Societies are no longer allowed to receive CSR Funds, it … Continue reading →

Posted in CSR / SSE | 4 Comments

Changes in CSR effectively rule out ‘Societies’ & ‘Trusts’ from accessing CSR funds

Posted on March 17, 2020 by SRRF

Changes in CSR effectively rule out ‘Societies’ & ‘Trusts’ from accessing CSR funds Another blow to the Non-Profit Sector by the Govt. Ministry of Corporate Affairs has brought out draft rules for changes in CSR rules. The proposed rules now … Continue reading →

Posted in CSR / SSE | 15 Comments

En masse Inspections by Govt

Posted on March 17, 2020 by SRRF

En masse Inspections by Govt Further to our last post on this subject (http://blog.srr-foundation.org/?p=3860), it is now clear that FCRA Dept has issued notices en masse to a large number of NPOs, with large amount of funds under FCRA. These … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Notices under S.23 of FCRA Act

Posted on March 4, 2020 by SRRF

Notices under S.23 of FCRA Act. 2010 It has come to our knowledge that currently several International NGOs are receiving notices from FCRA Department for various reasons including inspection under S.23 of FCRA Act 2010. This seems to be first … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

Deduction of TDS on Grants

Posted on February 28, 2020 by SRRF

Dear friends, I request your guidance on the following query. If an NGO ( Grantee) has 12 A certificate but does not have 80 G certificate, and if the same NGO is getting donation / grant from an 80 G … Continue reading →

Posted in FCRA, TAX, LEGAL | 5 Comments

Tax Exemptions & New Tax Slabs

Posted on February 22, 2020 by SRRF

Dear Friends, Season’s greetings! Those who opt for new income tax slabs have no incentive to donate for charitable purposes. Is it not? Do corporates get exemption on CSR spending? If yes, why do they insist on recipients to have … Continue reading →

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Letter to Finance Minister on Budget 2020 for non-profit sector

Posted on February 20, 2020 by SRRF

Dear SRRF Dialogue Members, We are glad to inform that CSO Support Cell on behalf of civil society, has submitted a letter to Finance Minister with around 130+ signatures earlier today. The speed with which this letter has been organised … Continue reading →

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Budget Proposals: NPO Taxation‎

Posted on February 4, 2020 by SRRF

Budget Proposals: NPO Taxation In today’s post, proposals relating to registration requirement for New NGOs are covered. NEW NPOS S.12AA/S.80G/S.10(23) Earlier any NPO wanting to apply for registration under S.12AA or S.10(23C) could do so anytime. Generally once granted approval, … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Budget 2020 – Existing NGOs 12AA Registration

Posted on February 3, 2020 by SRRF

All NGOs need to reapply for 12A / S.80 G certificates EXISTING NGOS Budget 2020 has brought bad news to all non-profit organizations, everyone would need to reapply for renewal of 12AA & 80G and S.10(23C) certificates. Let’s deal with … Continue reading →

Posted in FCRA, TAX, LEGAL | 6 Comments