Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Is FCRA needed for “Gram Panchayaths” to get foreign funds?

Posted on February 12, 2015 by SRRF

Dear Friends,                                    Is FCRA needed for “Gram Panchayaths” to get foreign funds? As a corollary is FCRA needed for any local body to … Continue reading →

Posted in FCRA, TAX, LEGAL | 8 Comments

Is it necessary to have original FCRA letter?

Posted on February 9, 2015 by SRRF

Greetings from AMIN trust Chairman Dear friends May you please write to me regarding FCRA permission letter from MOHA. We have registered trust from DELHI and had applied for FCRA  on 19th April 2014. It was November we went to … Continue reading →

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Cancellation of S.80G certificate – Court decision

Posted on February 9, 2015 by SRRF

A series on Impact on Taxation of NPOs due to hardening of tax authorities’ attitude……(1) We are increasingly finding situations where the Dept. is denying charitable status to various running NGOs by cancelling S.12AA & S.80G. We start a series … Continue reading →

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Is section 50C applicable while calculating net consideration u/s 11(1A)?

Posted on January 24, 2015 by Rahul

As per section 50C of income tax act, if the consideration receivable on transfer of land and building is lower than the stamp duty value than such stamp duty value is to be considered as consideration for calculation of capital … Continue reading →

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Ten FC Donors Under Prior Permission

Posted on January 21, 2015 by SRRF

For quite some time, Indian banks have been asked by RBI to refer some international remittances to FCRA Wing. The RBI has now issued a general circular on this. Remittances from following donors are subject to prior-approval from Ministry of … Continue reading →

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Is Income tax Paid treated as application of Income?

Posted on January 17, 2015 by Rahul

As per section 11 of the income tax act, an organization is required to apply 85% of total receipts during the year. However it couldn’t be applied during time limits mentioned in the relevant section of the act and accordingly … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

Do any organization is required to file returns if it has received FCRA funds by Prior permission/ prior approval?

Posted on January 15, 2015 by SRRF

Do any organization is required to file returns if it has received FCRA funds by Prior permission/ prior approval? Shekar

Posted in FCRA, TAX, LEGAL | 3 Comments

Relief to NGOs – a decision by Chennai Income Tax Tribunal

Posted on January 14, 2015 by SRRF

Recently Chennal Income Tax Tribunal has given a judgement reversing the Income Tax Dept.’s order of cancelling an NGO’s (SAE India) section 12A registration because it has crossed the threshold limit of income (currently Rs 25 lakhs) under S. 2(15). … Continue reading →

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NGOs found receiving Foreign Contribution without FCRA permission banned

Posted on January 5, 2015 by SRRF

MHA has blocked funding of 4 more organisations in India after Greenpeace. These are Avaaz, Bank Information Centre, 350.org and Sierra Club. These organisations neither had prior permission nor registration. Infact some of these NGOs even received funds in the … Continue reading →

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Is Society Registration renewal required?

Posted on January 2, 2015 by SRRF

Dear Sir Our organisation was registered under 1860 act Fasli 1350 dated 9-4-1992 and Renewal was completed in 2001 Year in Hyderabad.Now All documents were sent to Districts from last 4 years onwards.Now we submitted for Renewal with All supporting … Continue reading →

Posted in FCRA, TAX, LEGAL | 11 Comments