Author Archives: SRRF

Applicability of ESI on NGOs

Posted on March 10, 2015 by SRRF

Dear Dialogue Members, I share bellow a case of one NGO being pulled up by ESI. Miracle Foundation India partners with one NGO in a small town in Tamil Nadu, the NGO runs a children’s home which cares for approximately … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Major changes in Finance Bill 2015 impacting NGO Sector

Posted on March 7, 2015 by SRRF

Following major changes have taken place which will impact the NGO Sector: Yoga has been added as one of the activity under S. 2(15). Earlier Yoga was covered under ‘General Public Utility Clause’ thus providing major income tax benefits to … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Restriction on receiving contributions from NRI donors

Posted on February 24, 2015 by SRRF

Dear Sir, During 2014-15, I was told by our bank that RBI has placed a restriction on receiving contributions from NRI donors in the form of cheques and that only wire transfer of funds are allowed. What could be the … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

Clarification on issue of 12A and 80G

Posted on February 21, 2015 by SRRF

Dear Sir ARS Education Trust was established on 13-12-2013. We applied for 12A & 80G to the Income Tax Commissioner (Exemption) of Hyderabad. She rejected our application asking us to limit the objects in our Trust Deed. She also directed … Continue reading →

Posted in FCRA, TAX, LEGAL | 9 Comments

Is there a restriction in the maximum number of trustees in a trust?

Posted on February 19, 2015 by SRRF

Dear members, I would like to know, Is there a restriction in the maximum number of trustees in a trust? If yes, what is the maximum number of trustees a trust can have? Thanks, Satya Prakash Mishra

Posted in FCRA, TAX, LEGAL | 15 Comments

Comparative State-wise analysis of FCRA receipts for FY 2013-14

Posted on February 16, 2015 by SRRF

Based on data available at FCRA site, SRRF has undertaken an analysis of FCRA returns. This shows following state-wise position of Foreign Contribution received. Total contribution received is Rs 12,930 crores for FY 2013-14. This compares to Rs 11,066 crores … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on Comparative State-wise analysis of FCRA receipts for FY 2013-14

Rejection of S.10(23C) no ground for cancellation of S.12AA registration – Court decision

Posted on February 13, 2015 by SRRF

A series on Impact on Taxation of NPOs due to hardening of tax authorities’ attitude …..(2) Facts In today’s series we bring out a case where Varanasi Catholic Education Society’s registration under S. 12AA was cancelled on the ground that … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on Rejection of S.10(23C) no ground for cancellation of S.12AA registration – Court decision

Is FCRA needed for “Gram Panchayaths” to get foreign funds?

Posted on February 12, 2015 by SRRF

Dear Friends,                                    Is FCRA needed for “Gram Panchayaths” to get foreign funds? As a corollary is FCRA needed for any local body to … Continue reading →

Posted in FCRA, TAX, LEGAL | 8 Comments

Is Repair and renovation of house allotted to an senior employee from CSR fund valid?

Posted on February 10, 2015 by SRRF

Dear Sir, Is Repair and renovation of house allotted to an senior employee from CSR fund  valid ?  Should we treat  it as CSR project cost or to be treated as Admin Cost of that  particular CSR donor. As per … Continue reading →

Posted in CSR | Tagged | 1 Comment

Is it necessary to have original FCRA letter?

Posted on February 9, 2015 by SRRF

Greetings from AMIN trust Chairman Dear friends May you please write to me regarding FCRA permission letter from MOHA. We have registered trust from DELHI and had applied for FCRA  on 19th April 2014. It was November we went to … Continue reading →

Posted in FCRA, TAX, LEGAL | Tagged , | 5 Comments