Author Archives: SRRF

Correction in PAN Card

संस्था/सोसायटी आयकर अधिनियम 1961 की धारा 12A , 80G और FCRA-Act  के अंतर्गत पंजीकृत सोसायटी है ।जिसका PAN No  AAQFA9119C सोसायटी अपने  PAN Status जोकि Firm दिखता है उसमे सुधार करवाना चाहती है जानकारी और विषय समझ की अज्ञानता के … Continue reading

Posted in FCRA, TAX, LEGAL | 4 Comments

‎10 more foreign donors on FCRA Watch List

A news item is doing roads on the internet that 10 international donors have been further put on Watchlist of FCRA Dept. The names includes Children’s Investment Fund European Climate Foundation The Freedom Fund Humanity United Lauders (Laudes ?) Foundation … Continue reading

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PROCEDURE OF CLOSING THE FCRA UTILIZATION BANK ACCOUNT

Dear Sir, We have a registration under the FCRA Act. We want to close an existing one utilisation bank account. Is it necessary to take any prior permission from the FCRA Department of the MHA? Or is it necessary to intimate the … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

CAN an NGO appoint foreign Collection Agent?

Dear Sir/Madam One of our client running charitable society having FCRA registration want to appoint collecting agent in foreign country for receipt of foreign donation.Agent will collect the amount in his account in foreign country and deposit the amount in … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

PETITIONER QUESTIONS VALIDITY OF NEW FORM FC-4 FOR 19-20‎

IMPORTANT JUDGEMENT PRONOUNCED TODAY in HC of Delhi in W.P.(C) ‎‎6031/2021 & CM APPL. 19077/2021, CM APPL. ‎19078/2021 on 01.07.2021‎ As per Section 12 of the FCR (Amendment) Act, 2020 amended Section 17 of the ‎FCRA and, by virtue of … Continue reading

Posted in FCRA, TAX, LEGAL | 6 Comments

Penalty for filing of delayed FCRA Return

One of our NGO has received new bank account details of SBI New Delhi after 01-07-2021 so they could not file form no. FC-4 upto 30-06-2021. Now at the time of filing the form FC-4 system asks for a penalty … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

Overseas citizen of India (OCI) can be the president of an NGO

Please clarify whether Overseas citizen of India (OCI) can be the president of an NGO registered under FCRA. Regards A.P. Singh

Posted in FCRA, TAX, LEGAL | 1 Comment

Implications on Sale of Immovable Asset bought from FCRA fund

Dear Members Greetings from the IRDWSI! Query regarding Sale of land and buildings bought from FCRA funds. We would like to have any information regarding sale of assets bought from FC Funds before 2020 Amendment and to be sold after … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

Accounting of Income generated from training center build by FCRA Fund

Respected all Our organisation is working in Rajasthan on various issues of the area and development issues. We have a training center here in the city built with FC fund. As we hear from here and there that as per the new … Continue reading

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Last Date extended ‎

Ministry of Finance has decided to extend following major dates, where NGOs have direct stake: COMPLIANCE EARLIER DATE EXTENDED DATE Statement of Deduction of Tax  (Rule 31) 30 June 2021 15 July 2021 Form 10A & Form 10AB : Application … Continue reading

Posted in FCRA, TAX, LEGAL | 1 Comment