Author Archives: SRRF

Indian Companies with foreign shareholding now exempted from FCRA

Current Budget proposals have made changes in FCRA Act. As per the existing definition of a foreign source, an Indian registered company which has more than 50% shareholding held by foreign sources is to be regarded as ‘foreign source’. However … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Sale of FCRA assets

Dear dialogue-members, We have a four wheeler vehicle purchased in a project under FCRA 5 years back. Now the vehicle condition is not good, hence we want to sale it. Further we want to purchase a new vehicle putting the … Continue reading

Posted in FCRA, TAX, LEGAL | 6 Comments

FCRA Online Renewal Process announced : Last date 15-3-2016

FCRA Dept has finally announced the Renewal Process for FCRA registration. Renewal process as expected would be undertaken online. Thus all persons who have already applied or even those who have not applied would need to apply online through FC3. … Continue reading

Posted in FCRA, TAX, LEGAL | 82 Comments

FCRA for Foundations

Dear Dialogue Group members, The companies Act 2013 makes it mandatory to spend 2% of PBT for certain category of companies on CSR. Most of the companies are establishing Foundations under registration of Trust. Some of the companies incorporated under … Continue reading

Posted in FCRA, TAX, LEGAL | 8 Comments

Filing of FCRA ‘Nil’ Return

Dear Dialogue Members, We have grant FCRA registration on 10.03.2015 and during the FY 2014-15 not received any foreign contribution, in this regards our quotation is “NIL” return (FC4) file for FY 2014-15, it is mandatory or not. if it … Continue reading

Posted in FCRA, TAX, LEGAL | 6 Comments

FCRA Fund for ‘for Profit’ Company – Implications

Dear Members, I received a foreign fund. I have to educate people for disaster management and also have to develop an equipment which could monitor the disastrous activity while disaster happens. developing the equipment is almost 80% of the total … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Crowd Funding and FCRA

Dear Friends, Please throw light on: Gone are the days when donors used to crowd at the doors of some good NGOs for funding good works. Gone are great men like Gandhiji whose call for funds in crowded public meetings … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

S.12AA Registration and certain other issues relating to Trusts

In a decision by ITAT-Delhi, following important aspects of a charitable institution were decided upon. Whether for registration under S.12AA/12A, execution of a formal deed of trust is necessary, without which registration could not be granted ? Whether tax authorities, … Continue reading

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Dealing with situation when an NGO has both PP & Registration

Dear Sir, How to deal a situation when you have a Prior permission FCRA account and also the organisation received a permanent registration. Do we need to file two separate Annual return or it can be mergered into one return. … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

Resolution of Ford Foundation’s working in India

Resolution of Ford Foundation’s working in India In April last year, Ford Foundation was put on ‘watch list’ by MoH. It created a huge stir within the NGO community as well as in diplomatic relations considering the clout of Ford … Continue reading

Posted in FCRA, TAX, LEGAL | 6 Comments