Category Archives: FCRA, TAX, LEGAL

Can any FCRA registered NGO receive donation from an individual/person who is working abroad having NRE account in India? If yes, what are the terms and conditions will apply to the NGO who will receive the donation and person who … Continue reading →

Ministry of Home Affairs has cancelled the FCRA registration of 1142 organizations from Andhra Pradesh undivided) vide a cancellation order dt. 3-3-2015. It has stated that these organisations have not filed their Annual Returns from 2009 to 2012. Among the … Continue reading →

Dear Sir, I have a following query: any idividual can donate any amt under 35 AC but whether a businessman /partner/proprietor of a firm after taking 100% exemption upto his limit on investments like ppf etc can over & above … Continue reading →

Dear Sir, I would like to know some facts and logic about IT One NGO having FCRA but they don’t have IT 12 AA registration. Shall they eligible to receive foreign funds. If so did they pay tax for the … Continue reading →

Dear Friends, An NGO is operating from an rented premises and some expenditure is incurred on the improvement of the building by the NGO. The NGO treats this expenditure as an asset and reflects the same in the depreciation schedule. … Continue reading →

Dear Dialogue Members, I share bellow a case of one NGO being pulled up by ESI. Miracle Foundation India partners with one NGO in a small town in Tamil Nadu, the NGO runs a children’s home which cares for approximately … Continue reading →

Following major changes have taken place which will impact the NGO Sector: Yoga has been added as one of the activity under S. 2(15). Earlier Yoga was covered under ‘General Public Utility Clause’ thus providing major income tax benefits to … Continue reading →

Dear Sir, During 2014-15, I was told by our bank that RBI has placed a restriction on receiving contributions from NRI donors in the form of cheques and that only wire transfer of funds are allowed. What could be the … Continue reading →

Dear Sir ARS Education Trust was established on 13-12-2013. We applied for 12A & 80G to the Income Tax Commissioner (Exemption) of Hyderabad. She rejected our application asking us to limit the objects in our Trust Deed. She also directed … Continue reading →

Dear members, I would like to know, Is there a restriction in the maximum number of trustees in a trust? If yes, what is the maximum number of trustees a trust can have? Thanks, Satya Prakash Mishra