Author Archives: SRRF

Distribution of Coupons, for Pedestrian Safety

Delhi traffic police have come out with a new initiative to promote Pedestrian Safety, by offering a cash prize of Rs. 5000 for those using Foot over Bridges. The initiative was launched on Jan 1 as part of Road Safety … Continue reading

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Transfer of fund outside India by NGOs

Hi, Is there any Law enforced in India which prohibits  NGO based in India to make grant/contribution for a project to a foreign  individual or to an organization  of a foreign country? Looking forward to your response. Shekar IFA

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Renewal of 80G / 35AC

I am informed that the Government of India has recently come out with a notification stating that the 80 G / 35 AC tax exemption certificate is not required to be renewed periodically. Please advise as some of our partner … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

Pelican system to ensure safe road crossings

The introduction of Pelican system at various red lights in South Delhi will ensure a smooth road crossing facility to the pedestrians. The success of the system however depends on the usage by the public. The Traffic Police has activated … Continue reading

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TDS implication of a foreign national

Dear All, I would like to know the TDS implication of a foreign national who doesn’t have PAN under the following categories. 1.       A foreign national who have joined an organization under PROFESSIONAL FEE, what will be the TDS impact? … Continue reading

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QUESTION FROM A MOTORIST REGARDING PEDESTRIANS: Satyendra Garg, Joint CP Traffic

byDelhi Traffic Police on Saturday, November 5, 2011 at 7:08am on Facebook Traffic Police,   This question comes to my head EVERYDAY when I drive to wrk n cross Nehru Place area. Thr is a subway n a foot-over bridge … Continue reading

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Opportunities for NGOs

The finance ministry is pulling out all stops to further financial inclusion. The ministry has asked banks to tie up with NGOs as business correspondents in a pilot project to lend to self help groups (SHG). As a result lending … Continue reading

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ACCOUNTING FOR GRANTS

Dear friends, May I raise a related but different question for expert advice? Grants need not be shown in the Balance Sheet excepting in Income and Expenditure Statement. That way one can legally circumvent the tax and or ceiling limitations … Continue reading

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Query: Is it ok, if we deposit the loan amount received from the field staff in the FCRA bank account

Hello Every one, I have a question, regarding the amount to be deposited in the FCRA bank account. When we give advance or Loan to the field staffs from FCRA bank account and when they repay this amount, we need … Continue reading

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Query: Funds transfer from FCRA accounts.

We are sec 25 and 12 A registered and have FCRA certificate. We have been given a grant to manage the Project in partnership with the donor. There would be 10 NGO’s from sector and 20 employees of the donor. … Continue reading

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