Author Archives: SRRF

NGO’s working not to be stifled even if FCRA registration not renewed

In a major reprieve for Lawyers Collective, a non-profit run by former ‎additional solicitor general Indira Jaising, Bombay High Court issued an ‎interim order recently, restraining the charity commissioner from attaching ‎the organisation’s assets and accounts.‎ Justice MS Sonak observed … Continue reading

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How many cash donations of Rs.2000/- in a year

Dear Sir, As per the latest budget, Sec 80G exemption would not be provided to cash donations exceeding Rs. 2000. Would like confirmation that this is per annum per donor? Otherwise, there would people giving multiple donations of Rs. 2000 … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Implication on transferring of FCRA Fund to utilisation bank account

Dear Group Members, Greetings! Can we transfer FCRA fund from one FCRA bank account to another FCRA bank account? By mistake, donor sent the fund to an NGO. The fund is now in FCRA bank account of the NGO. This … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

Filing of FCRA Return After Due Date

As several active SRRF Dialogue members would be aware that Dept has ‎been asking organizations who have not filed online return for FY 2014-15 ‎or FY 2015-16 to do so immediately. However problem is that there was no ‎window open … Continue reading

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Donation of old computers by an MNC to an NGO not having FCRA

Dear Members of the SRRF dialogue group, There is one NGO “Computer Shiksha” based in Gurgaon who collect old / used computers which they retrofit (if necessary) and place in Govt schools for providing Computer education to students coming from … Continue reading

Posted in FCRA, TAX, LEGAL | 10 Comments

Procedure for creating Endowment Fund

Dear Friends, Season’s Greetings and Happy New year! Please let me know the procedure for creating Endowment fund and related statutory / legal requirements to be followed / fulfilled by the NGO and the foreign and Indian donors. Thanks Udayashankar

Posted in FCRA, TAX, LEGAL | 2 Comments

Can FCRA funds be transferd to Sec-8 company

Dear Members, I represent a funding organisation which is a registered public charitable trust, I want to know whether we can make a grant to Sec 8 company? I also wanted to know whether Sec 8 Company(Earlier Sec 25 A) … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Funds collected out side India

Dear Sir/Madam, I am a member of a Society,registered public trust in India. Some members of the Society, have collected funds in US and Netherlands Accounts ,for a building renovation project in India. However,they are not transferring the accumulated amount … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Bank Charges

The bank charged for issuing FIRC certificates but debited other bank account in the same branch being maintained for Local Fund. NGO may consider the Bank Charges as Administrative Expenses under either source category. Comments. CA, Satish Joshi

Posted in FCRA, TAX, LEGAL | 4 Comments

Which type of bank account to be opened for FCRA purpose.

Dear Members, Please clarify, if saving bank account can be opened for FCRA purpose. Wg Cdr Anil.Kr. Marya ( Retd) Project Executive, ‘Education for Livelihood’ Rotarys’ Kusumpur Community Service Project & IP-President RWA ‘Mayuri-Enclave’

Posted in FCRA, TAX, LEGAL | 6 Comments