Author Archives: SRRF

Travel from foreign agency – Local or FCRA ?

Posted on December 9, 2011 by SRRF

Dear SRRF Members I have received reimbursement of abroad travel expenses towards attend the project workshop., Kindly suggest the amount which type treat Local or FCRA and where deposit FC Bank account or Local account. Regards Sunil K Suryavanshi

Posted in FCRA, TAX, LEGAL | 9 Comments

Donation from MNC – Local or FCRA?

Posted on November 30, 2011 by SRRF

Dear all, We have received donation by cheque in Indian Rupees from an Multi National Company incorporated in India. Should this donation treated as an FCRA donation or a local donation. Thanks & Regards, Arvind Balamkar Finance Associate for TeachForIndia … Continue reading →

Posted in FCRA, TAX, LEGAL | 7 Comments

Govt to probe Danish funding

Posted on November 21, 2011 by SRRF

As per a report in Indian Express, the Govt of India has initiated an inquiry against some NGOs that foreign funds are being used to fan political unrest in the country, by creating a platform of protests and agitations against … Continue reading →

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Revised Income Tax Return for NGOs

Posted on November 21, 2011 by SRRF

A proposal is pending with the Central Board of Direct Taxes wherein all non-governmental organizations (NGOs) will have to compulsorily file details of foreign contributions received along-with their FCRA numbers in a revised I.T.form prepared by the Directorate General of … Continue reading →

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Filing of FC-3 Online

Posted on November 21, 2011 by SRRF

Dear Sir We have filed the FC-3 Online to Ministry of Home Affairs, we would like to know, whether we have to send the hard copy also to Ministry of Home Affairs? Is the Auditor signature is necessary for the … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Managing challenges of RTE

Posted on November 17, 2011 by SRRF

Right to Education assures every child education. Thus no schools (at least the Govt schools) can now deny admission to one is provided with was implemented some time back, its practical aspects are now manifesting themselves. One such aspect that … Continue reading →

Posted in Education | 3 Comments

Re-appointment of first trustees with the Charity Commissioner

Posted on November 16, 2011 by SRRF

Dear Sir/Madam, Need your help. We are registered on 24/12/2008 under Bombay Charitable Trust Act and like to know whether we have to file for re-appointment of first trustees with the Charity Commissioner. Thanks, Regards, Arvind Balamkar Finance Associate for … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

Insurance portability

Posted on November 8, 2011 by SRRF

Some of you may be aware that effective 1st Oct 2011 anyone can change its health insurance policy from company to another, without losing the benefits. According to the guidelines issued by IRDA, following process needs to be followed for … Continue reading →

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HIV+ to get Insurance cover

Posted on November 7, 2011 by SRRF

Presently persons affected by HIV/AIDS are denied any insurance coverage and at times even withdraw existing policies. A PIL was filed against this practice of insurance company. At present, only one company out of the 24 insurance companies listed with … Continue reading →

Posted in Health | 1 Comment

NEW COMPANIES BILL

Posted on November 4, 2011 by SRRF

Proposed Company Law Bill and its impact on Voluntary sector As requested by some of the SRRF Dialogue members, in this post major changes proposed in the Companies Bill 2009 which are likely to impact the Voluntary Sector, as well … Continue reading →

Posted in Corporate Governance | Comments Off on NEW COMPANIES BILL