Author Archives: SRRF

Panchayath, Foreign Funds and Participatory Democracy

Posted on March 12, 2014 by SRRF

Dear All, Can A Panchayath receive Foreign Funds as Grants without any FCRA or such registration? Can A Panchayath receive Foreign Funds as Loan without any FCRA or such registration? The New Legislation on Multi State Societies and even the … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

Comparative Analysis of New Schedule VII and Old Schedule VII

Posted on March 11, 2014 by SRRF

CSR provisions of new Companies Act have been notified and will become effective 1st April 2014. Thus all companies who qualify for CSR based on accounts of Mar’14 would be required to comply with CSR provisions. A company once qualifies … Continue reading →

Posted in CSR / SSE | Comments Off on Comparative Analysis of New Schedule VII and Old Schedule VII

Treatment of money deposited during opening of the FCRA account?

Posted on March 10, 2014 by SRRF

Dear Sir Greetings ! Can anyone suggest me on the following: Our total FC fund includes some amount which belongs to our own. It means it includes the minimum balance in FC Bank account when opened and cumulative interest there … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Can a Donor take over assets purchased from grant funds

Posted on March 1, 2014 by SRRF

Dear Sir, We are a principal recipient of foreign funds and we have given sub grants to some organization.Out of the subgrant money , the subgrantee have purchased several assets which includes Furniture and equipment. As part of the contract … Continue reading →

Posted in FCRA, TAX, LEGAL | 5 Comments

Is separate PAN required for LIC Gratuity Scheme?

Posted on February 26, 2014 by SRRF

Greetings from Satvik : Promoting Ecological Farming.    We are NGO working in Kachchh district. Recently we have opted Employee Group Gratuity Scheme of LIC. We were advised to seek approval under Part C of the Fourth Schedule of the … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

9th ASER Report – Lessons to be learnt ……..(3)

Posted on February 25, 2014 by SRRF

It is good to see a lot of interest in this series on ASER Report, as evidenced by a number of responses to earlier two posts. In today’s post certain pertinent issues are highlighted on lessons to be learnt from … Continue reading →

Posted in Education | Comments Off on 9th ASER Report – Lessons to be learnt ……..(3)

9th ASER Report highlights……..(2)

Posted on February 17, 2014 by SRRF

Bad news of falling standards of education – Statewise status: Class III-V – Students who can read text of Class I All India 55% TOP 5 BOTTOM 5 Mizoram 80.2% Madhya Pradesh 38.1% Meghalaya 80.0% Jharkhand 45.4% Manipur 78.7% Assam … Continue reading →

Posted in Education | 4 Comments

9th ASER Report highlights

Posted on February 14, 2014 by SRRF

Recently 9th Annual Survey Education Report report conducted by Pratham has been released. It has several important and interesting findings. SRRF Dialogue would undertake a series of releases on the important findings of the report. First the good news: Over … Continue reading →

Posted in Education | 2 Comments

FCRA Prior Permission – Need a Clarification

Posted on February 7, 2014 by SRRF

We have an National Outreach Programme Core team project to fund the Core team @ Rs 31 lakhs pa initially.  We asked the donor in May 2013 for a 5 year MOU but sent him a one year budget of … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

Liberal interpretation of investment by Trust

Posted on January 30, 2014 by SRRF

As many of us would be aware that a Trust’s income as per S. 11 is exempt if it obtains S. 12A exemption certificate. However this does not cover capital gain and Trust is subject to taxation on the same. … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment