Author Archives: SRRF

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

Skipping FOBs & subways, city prefer surface crossings

Posted on February 28, 2012 by SRRF

Public Works Department (PWD) conducted a survey, which shows that a large number of people prefer crossing the road on the surface rather than walking a extra paces to use a pedestrian bridge. Though constructing bridges with escalators and erecting … Continue reading →

Posted in Pedestrian safety | Comments Off on Skipping FOBs & subways, city prefer surface crossings

Query- Other Allowance reg.

Posted on February 27, 2012 by SRRF

Dear SRRF Dialogue members, We have received a new query under Other Allowance reg. from, Mr. D. Sagayadoss ”Our Organisation revised our new pay scale from 01-01-2012 with the following allowances: 1. Dearnes allowance 2. House rent allowance 3. Other … Continue reading →

Posted in FCRA, TAX, LEGAL | 5 Comments

Soon, pedestrian subways at 7 more Metro stations

Posted on February 27, 2012 by SRRF

Delhi Metro has decided to construct pedestrian subways in seven of the Metro stations on the 27km long Jankapuri West –Kalindi Kunj corridor. The corridor will be constructed as part of Delhi Metro Rail Corporation’s phase-3 in the next four … Continue reading →

Posted in Pedestrian safety | Comments Off on Soon, pedestrian subways at 7 more Metro stations

Query- Regarding Claim under 80 E of Income Tax Act 1961

Posted on February 25, 2012 by SRRF

Dear SRRF Dialogue members, We have received one more query under Income Tax Act 1961 from, Mr. K.P.S Varadhan, HiH ”Kindly clarify whether Self Education expenses can be allow under section 80E of Income Tax Act 1961, when there is … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment