Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

ANNUAL RETURN last date extended to 30th June 2021

Posted on November 24, 2020 by SRRF

FCRA Dept has now extended filing of Annual Return to 30th June 2021. As per the Notice this is done to enable NPOs to comply with following (based on FCRA Public Notice dt 23-11-2020): Opening of FCRA Account with SBI, … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

How to re-apply if FCRA registration lapsed

Posted on November 18, 2020 by SRRF

If the Registration has lapsed due to some reason, how do the trust apply again after period of 4 months of expiry is also crossed. Do we open another entry for the MHA site as previous password is not allowing … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Key Changes in Rules subsequent to amendment in FCRA 2020

Posted on November 12, 2020 by SRRF

Subsequent to amendments in FCRA through FCRA 2020, now the Govt. has brought out several major changes in the Rules. These changes have brought some clarity on earlier changes made in the Act. In this post we cover some of … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Classification of Admin expenses under FCRA

Posted on November 3, 2020 by SRRF

Dear Members, I am working in NGO as Finance Manager. And i have some doubts regarding FCRA Administrative Expenses. 1. We had purchased a Vehicle from Mahendra and they have provided loan to Organization. Every month the premium and interest … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

New Detailed guidelines for Opening of designated FCRA ‎Bank A/c

Posted on October 29, 2020 by SRRF

As per the latest FCRA Amendment 2020 came into force for mandating specified branch namely SBI, New Delhi Main Branch, Sansad Marg, Delhi- 110001 for maintaining FCRA Designated Account. ‎ SBI, NDMB now created a designated FCRA cells to handle … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Allocation of Expenses under FCRA as amended

Posted on October 17, 2020 by SRRF

Dear Sir, I attended your Webinar session and it was very good and you clarify many of queries. I still have some specific query it will be great if you can reply to me. In the staffing cost of our … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

Clarifications re Existing Designated Account

Posted on October 14, 2020 by SRRF

From today we start a series on common quries being raised by several NGOs to help better understand of resent FCRA changes One of the queries is, if NGOs can receive funds in their present FCRA Designated Account (let’s call … Continue reading →

Posted in FCRA, TAX, LEGAL | 12 Comments

Extention for Opening of FCRA Bank A/c

Posted on October 13, 2020 by SRRF

SBI Parliament Street Account can be opened by 31st Mar 2021(based on FCRA Public Notice dt 13-10-2020) Realising the practical problems for thousands of NGOs to open bank account, overnight in Parliament Street Branch, Govt has now given extension to … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

SRRF’s FCRA 2020 Amendment Webinar

Posted on October 12, 2020 by SRRF

SRRF’s FCRA 2020 Amendment Webinar Saturday, 10th October 2020 Timing: 3:30 p.m. to 5:00 p.m. Topic Presenter Reference Material – A brief presentation will be made on changes brought under the Act and latest update on the same. –This will … Continue reading →

More Galleries | Comments Off on SRRF’s FCRA 2020 Amendment Webinar

FCRA Amendment 2020 – Implemented EFFECTIVE – 29 Sept ‎‎2020‎

Posted on September 30, 2020 by SRRF

Govt. has shown un-characteristic rush to get FCRA implemented. It has notified the FCRA Amendment Act 2020 and made it effective from 29th September 2020. The short Notification SO 3395(E) dt. 29th September 2020 reads: In exercise of the powers … Continue reading →

Posted in FCRA, TAX, LEGAL | 11 Comments