Category Archives: FCRA, TAX, LEGAL

Dear Sir, As per the latest budget, Sec 80G exemption would not be provided to cash donations exceeding Rs. 2000. Would like confirmation that this is per annum per donor? Otherwise, there would people giving multiple donations of Rs. 2000 … Continue reading →

Dear Group Members, Greetings! Can we transfer FCRA fund from one FCRA bank account to another FCRA bank account? By mistake, donor sent the fund to an NGO. The fund is now in FCRA bank account of the NGO. This … Continue reading →

As several active SRRF Dialogue members would be aware that Dept has ‎been asking organizations who have not filed online return for FY 2014-15 ‎or FY 2015-16 to do so immediately. However problem is that there was no ‎window open … Continue reading →

Dear Members of the SRRF dialogue group, There is one NGO “Computer Shiksha” based in Gurgaon who collect old / used computers which they retrofit (if necessary) and place in Govt schools for providing Computer education to students coming from … Continue reading →

Dear Friends, Season’s Greetings and Happy New year! Please let me know the procedure for creating Endowment fund and related statutory / legal requirements to be followed / fulfilled by the NGO and the foreign and Indian donors. Thanks Udayashankar

Dear Members, I represent a funding organisation which is a registered public charitable trust, I want to know whether we can make a grant to Sec 8 company? I also wanted to know whether Sec 8 Company(Earlier Sec 25 A) … Continue reading →

Dear Sir/Madam, I am a member of a Society,registered public trust in India. Some members of the Society, have collected funds in US and Netherlands Accounts ,for a building renovation project in India. However,they are not transferring the accumulated amount … Continue reading →

The bank charged for issuing FIRC certificates but debited other bank account in the same branch being maintained for Local Fund. NGO may consider the Bank Charges as Administrative Expenses under either source category. Comments. CA, Satish Joshi

Dear Members, Please clarify, if saving bank account can be opened for FCRA purpose. Wg Cdr Anil.Kr. Marya ( Retd) Project Executive, ‘Education for Livelihood’ Rotarys’ Kusumpur Community Service Project & IP-President RWA ‘Mayuri-Enclave’

Dear Sir, Need clarification on filing of FCRA return for a NGO got the fund on various prior permissions till August, 2016 and in Sep 2016 NGO got the FCRA registration and got the fund under FCRA registration. We need … Continue reading →