Category Archives: FCRA, TAX, LEGAL

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

Based on data available at FCRA site, SRRF has undertaken an analysis of FCRA returns. This shows following state-wise position of Foreign Contribution received. Total contribution received is Rs 12,930 crores for FY 2013-14. This compares to Rs 11,066 crores … Continue reading →

A series on Impact on Taxation of NPOs due to hardening of tax authorities’ attitude …..(2) Facts In today’s series we bring out a case where Varanasi Catholic Education Society’s registration under S. 12AA was cancelled on the ground that … Continue reading →