Author Archives: SRRF

In a recent case it has been held that if an NGO whose charitable activities fall under ‘Other activities of Public Utilities’ than a business activity of such an organization will be taxable

Posted on March 16, 2012 by SRRF

For details see below: [2011] 128 ITD 177 (Bang.) IN THE ITAT BANGALORE BENCH ‘A’ i25 Rural Mobile Commerce Services v. Director of Income-tax (Exemptions)* DR. O.K. NARAYANAN, VICE-PRESIDENT AND GEORGE GEORGE K., JUDICIAL MEMBER IT APPEAL NO. 1120 (BANG.) … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Query- Whether income received from FCRA fund can be deposited in FCRA utilisation bank account?

Posted on March 16, 2012 by SRRF

Whether income received from FCRA fund can be deposited in FCRA utilisation bank account? Rajneesh

Posted in FCRA, TAX, LEGAL | 5 Comments

Pedestrians need more space, better pavements

Posted on March 15, 2012 by SRRF

Till a few years ago, New York too had faced the challenges that Delhi faces now. The number of private vehicles was on the rise and flyovers were choc-a-block with vehicles. There was little space for parking and the number … Continue reading →

Posted in Pedestrian safety | Comments Off on Pedestrians need more space, better pavements

Query- FCRA

Posted on March 13, 2012 by SRRF

Dear SRRF members, I would really appreciate if you can answer my queries. – Does a foreign NGO require FCRA registration if they are only purchasing goods and services with foreign funds? (As per Sec2 (h) (iii) Explanation 3 of … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on Query- FCRA

Allocate a portion of the park for children

Posted on March 13, 2012 by SRRF

With neighbourhood parks turned into gardens and colony lanes lost to parking, children across the city are left with no space to play in. It is the Resident Welfare Associations (RWAs) – representative bodies – that have taken the lead … Continue reading →

Posted in Social Issues | 2 Comments

Transfer of Assets received in kind

Posted on March 9, 2012 by SRRF

Recently I was asked to comment on treatment of FC assets received in kind. Any assets received in kind are also to be treated as part of foreign contribution (till now govt. has not prescribed any financial limit so all … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on Transfer of Assets received in kind

Reinforcing Promotion of culture & arts magnet schools

Posted on March 7, 2012 by SRRF

The Navodaya Vidyalaya Samiti, the model of Science magnet concept, now plans to have specialist schools for three more disciplines: arts and cultures, sports and vocational training. These specialized Navodaya schools will only cater to students from classes IX to … Continue reading →

Posted in Education | Comments Off on Reinforcing Promotion of culture & arts magnet schools

Query- ” Whether any written permission is required from Ministry of Home Affairs to open a bank A/C for expenses of F.C. Grant?”

Posted on March 6, 2012 by SRRF

Dear SRRF Dialogue members, We have received a new query under FCRA,  from Sumanta Sen Roy (Partner, Hooghly) ” Whether any written permission is required from Ministry of Home Affairs to open a bank A/C for expenses of F.C. Grant?” Best regards, Tanvi Dogra … Continue reading →

Posted in FCRA, TAX, LEGAL | 6 Comments

Query- Tax treatment of Capital Gain on sales of Assets in charitable Trusts/NGO

Posted on March 5, 2012 by SRRF

Dear SRRF Dialogue members, We have received a new query under Income Tax,  from Mr. KPS Varadhan, HiH ”Please explain the profit on sale of Asset in NGO’s ?” Best regards, Tanvi Dogra SRRF Dialogue, Coordinator ____________________________________ Socio Research & Reform Foundation (A Non Government … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Recent Tax case decided favouring Charitable Trust

Posted on March 5, 2012 by SRRF

Printing of books held as incidental business activity thus allowed being exempt from Tax In a recent ruling in case of Bhartiya Vidyapeeth (Pune) decided by Income Tax Tribunal in Jan 2012, it was held that when a Trust is … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment