Author Archives: SRRF

Treatment of Interest received

Posted on April 25, 2014 by SRRF

Respected sir/friends Please gave your suggestion on Interest received from FCR Account. Actually as per the directions of the funding agency we transferred the amount from FCR Account to General Account (spl account only for those funding agency) for the … Continue reading →

Posted in FCRA, TAX, LEGAL | 5 Comments

Purpose of Utilisation Account

Posted on April 19, 2014 by SRRF

I have now joined another NGO called “Pratham Books” in Bangalore. They are into developing, publishing & distributing children’s books in various languages and promoting reading habit among children. I have a query in this. We receive grants/donations from various … Continue reading →

Posted in FCRA, TAX, LEGAL | 14 Comments

Changes in online filing of FC-6

Posted on April 19, 2014 by SRRF

Please note that there has been some important changes in online filing of FCRA annual return (FC-6). As per FCRA department, now there is no need to submit hard copy of FC-6 to the ministry, you have to upload scan … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Brand Building through CSR – Is it desirable?

Posted on April 9, 2014 by SRRF

Friends, Often there is a debate, particularly amongst the civil society players, whether it is right for corporates to use CSR for brand building. While corporates and policy makers do not see anything wrong in it. Infact some even talk … Continue reading →

Posted in CSR / SSE | 10 Comments

Voluntary Org Registration and renewal

Posted on April 7, 2014 by SRRF

Dear Friends, Fundamental Right to freedom which includes speech and expression, assembly, association or union or cooperatives, movement, residence, and right to practice any profession or occupation (some of these rights are subject to security of the State, friendly relations … Continue reading →

Posted in General | 6 Comments

Whether Foreign travel expenses allowed under IT Act?

Posted on April 3, 2014 by SRRF

Dear SRRF Member, I have query on the topic “Whether Foreign travel expenses allowed under IT Act? One of the auditors says that the foreign travel expense as it is not allowed under section 11 (1). as per IT Act  … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Applicability of RTI to NGOs?

Posted on March 28, 2014 by SRRF

Respected sir Greetings HELP is a NGO working in coastal AP. Recently we received a notice from one person under RTI Act 2005. He asking our about details of funds received from and spending details including each beneficiary name and … Continue reading →

Posted in FCRA, TAX, LEGAL | 6 Comments

Payment to foreign consultant

Posted on March 27, 2014 by SRRF

Dear Friends, I have a query on payment of professional fee to a foreign consultant for work done in India: 1. Can this payment be made? 2. What is the procedure for the payment in India? 3. What would be … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Structure of PAN

Posted on March 19, 2014 by SRRF

Dear Friends, Greetings from Hyderabad! I have come across many organizations which are registered as Societies but the PAN is reflecting the organizations as Trusts. This is based on the 4th letter in the PAN. In case of online filing, … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

Highlights of the Final CSR Rules Notified

Posted on March 14, 2014 by SRRF

Further to the last post, which explained activities covered in Schedule VII. In this post, highlights are given of the final CSR Rules. ENTITIES COVERED All companies whether a public company or a private one are covered by CSR, if … Continue reading →

Posted in CSR / SSE | Comments Off on Highlights of the Final CSR Rules Notified