Category Archives: FCRA, TAX, LEGAL

Greetings ! Our NGO, a section 8 co, has 12AA certificate. Didn’t have 80G as we never applied for. Hence no question of rejection. Now we are applying for revalidation of 12AA, I couple of queries: 1) Shall we apply … Continue reading →

Unavailability of Original 12A certificate: Amended Rules requires uploading of certified copy of 12A registration certificate. However, there are multiple institutions which were granted registration almost 45 years back and either the certificate has got badly mutilated or lost. But, … Continue reading →

We have applied for a grant from Australian Government for the building and trial of a new solution in the Healthcare sector. We have been told that if we do not have FCRA clearance (which we do not have presently), … Continue reading →

Thank you all for actively participating in the webinar on latest Income Tax [S.10(23), S.12A, S.80G renewal] and Form CSR 1. Sorry for certain technical glitches and loss of internet during the presentation. Hope it did not affect your learning … Continue reading →

Ministry of Corporate Affairs which had earlier mandated that effective 1-4-2021 all companies (including S.8 companies) must use an accounting software, where any changes in an accounting entry made must be identified and auditor must be able to track the … Continue reading →

As many of you are aware that Income Tax Dept in March 2020 Budget had made it mandatory for all NGOs to renew their 12A, 80G and other certificates, however due to Covid many of these changes were not implemented. … Continue reading →

Hi, ‎ We have received query from SBI Delhi which is given as follows:‎ Annexure II need to be filled by all the signatories and ‎designated members (post holder)in personal capacity. (only ‎sign of the customer is required without the … Continue reading →

Dear Sir/Madam A charitable organisation running educational institution is not yet registered under 12A of ‎income tax act and under FCRA. It is registered under Society act in 2020 and started ‎constructing building and for this one of the member … Continue reading →

A NGO has FCRA,   running a Training Center (Build out of FC amount), any organisation wants to organise training at this place out of the FC project activities. Need guidance how to book this income in books of account at … Continue reading →

Dear Sir/Mam.  We have NGO. We have been working in rural area since the last 3 decades with foreign donation. I assume that I we will not be able to spend whole amount  deposited in BOI Branch till 31st March … Continue reading →