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Recent Posts
- Transfer of FCRA funds from the utilization account to the FCRA main account
- Use of FCRA funds remaining in FC accounts after FCRA certificate has been suspended / cancelled or deemed to Cease
- Amendments in FC4 (wef 1-1-2025)
- Two important notifications received from MHA
- FCRA Validity extended to 31-03-2025
- Is FCRA registration mandatory to invite foreigners as volunteers in a NPO?
- Can a NRI be on the Board of a NPO having FCRA?
- Implications if a Trust does not renew its 12AA registration
- FCRA Bank A/c in different name than the Organisation
- Relaxation for filing Audit Report – Form 10B/10BB for AY: 2023-24
Recent Comments
- Subhash Mittal on Transfer of FCRA funds from the utilization account to the FCRA main account
- Thomas Mathews on Transfer of FCRA funds from the utilization account to the FCRA main account
- Subramania Siva on Transfer of FCRA funds from the utilization account to the FCRA main account
- SivaSankar on Amendments in FC4 (wef 1-1-2025)
- Subhash Mittal on Is FCRA registration mandatory to invite foreigners as volunteers in a NPO?
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Author Archives: SRRF
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
Posted in FCRA, TAX, LEGAL
Comments Off on S.12AA Registration and certain other issues relating to Trusts
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
Mandatory Disclosure on Website
Annual audited FCRA accounts Rule 13 (a): Earlier NGOs receiving more than Rs 1 crore were required to put up a summary of receipts & payments on their website, however the amended rule requires that all NGOs to display audited … Continue reading
Posted in FCRA, TAX, LEGAL
9 Comments
A favorable Taxation decision for tax assessment of Trusts
We summaries below some important decisions taken by Banglore ITAT in the case of Dy Dir of IT (Exempt.), Circle 17(2), Banglore vs Ohio University Christ College, Academy for Management Education [2015(12) TMI 42- ITAT Banglore]. Academy for Management Education … Continue reading
Posted in FCRA, TAX, LEGAL
Comments Off on A favorable Taxation decision for tax assessment of Trusts
Latest Annual Return (FC-4) Practical Problems: Disclosure of Foreigners
Dear Members Warm greetings from New Delhi! As per the new FC-4 Return, following is to be shown: “Total number of foreigners working (salaried/honorary capacity)” Who all are to be included in the term “foreigners”? NRI or PIO holding Foreign … Continue reading
Posted in FCRA, TAX, LEGAL
5 Comments
Latest Annual Return (FC-4) Practical Problems: Local Sources
Dear Members Warm greetings from New Delhi! As per the new FC-4 Return, following is to be shown separately: “Foreign Contribution received during the financial year: (i) Directly from a foreign source (ii) as transfer from a local source” Earlier … Continue reading
Posted in FCRA, TAX, LEGAL
2 Comments