Author Archives: SRRF

CSR Form 2  – Key Requirements explained

Posted on March 24, 2022 by SRRF

Filing Dates Form for FY 2020-21 has to be filed by 31st March 2022 separately as an online web Form. Form for subsequent years has to be filed as an addendum to Form AOC-4/AOC-4 XBRL/AOC-4 NBFC (Ind AS), as per … Continue reading →

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Tax Advise needed

Posted on March 9, 2022 by SRRF

A society registered under society act is running a educational institution.It is not yet registered under Sec 12A of Income tax act. In f y 2020-21 its revenue fee receipts from school are less than 1cr and after claiming all … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

New CSR Reporting Format (Form CSR-2) : Last date 31-3-2022

Posted on March 5, 2022 by SRRF

Ministry of Corporate Affairs has come out with a new Form called CSR-2, vide Notification dated 11 Feb 2022.  This Form basically covers all reporting requirements. Earlier these were mentioned in the report, and it was expected that this report … Continue reading →

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Extension of timelines for filing of ITR and various reports of audit for the AY: 2021-22

Posted on January 12, 2022 by SRRF

CBDT has extended the due date for the filing of various reports of audit under the provisions of the Income-tax Act,1961 (Act), in respect of the following compliances: The due date of furnishing of Report of Audit (Form 10B) forNPOs … Continue reading →

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Can FCRA expenses be reimbursed to Non-FCRA A/cs?

Posted on January 6, 2022 by SRRF

Dear Sir,   We have following queries regarding FCRA : 1. Can advances be given to Project staff for expenses to be incurred in the field, If not, what is the remedy when the expenses can not be paid directly … Continue reading →

Posted in FCRA, TAX, LEGAL | 6 Comments

FCRA Registration Date extended

Posted on December 31, 2021 by SRRF

We are so happy to inform all of you all that Ministry of Home Affairs has extended the validity of FCRA registration certificates to 31st March 2022. It is applicable to all those entities whose registration initially was due to … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

GST on Grants

Posted on December 4, 2021 by SRRF

Some of you may have heard news that as per a recent decision, Grants are to be covered under GST. SRRF Dialogue examines the case and its implications.  Jayshankar Gramin Va Adivasi Vikas Sanstha, (referred to as JGAVS)an NPO is … Continue reading →

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Uncertain times for status of FCRA Renewal ‎

Posted on December 2, 2021 by SRRF

These are uncertain times for most NPOs registered under FCRA. Last time most NPOs FCRA was renewed on 31st Oct 2016 or a date close to it, hence as per rules, FCRA was to expire five years later on or … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Can Local proceeds rec’d on sale of FC assets be deposited to FCRA account?‎

Posted on December 1, 2021 by SRRF

The issue of receiving proceeds from non-FCRA sources has always been a prickly issue, as often bankers do not allow remittances from local sources to be deposited in the FCRA bank account. SBI has now started allowing deposit of proceeds … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Charity Commissioner – Maharashtra : Due Date for Annual ‎Return extended

Posted on November 30, 2021 by SRRF

As many of you, particularly from Maharashtra region, would be aware that each Charitable Trust / Society needs to submit their Annual Return within 15 days after 30th September. However due to Covid, Govt of Maharashtra has been extending this … Continue reading →

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