Category Archives: FCRA, TAX, LEGAL

Dear SRRF Member, I have query on the topic “Whether Foreign travel expenses allowed under IT Act? One of the auditors says that the foreign travel expense as it is not allowed under section 11 (1). as per IT Act  … Continue reading →

Respected sir Greetings HELP is a NGO working in coastal AP. Recently we received a notice from one person under RTI Act 2005. He asking our about details of funds received from and spending details including each beneficiary name and … Continue reading →

Dear Friends, I have a query on payment of professional fee to a foreign consultant for work done in India: 1. Can this payment be made? 2. What is the procedure for the payment in India? 3. What would be … Continue reading →

Dear Friends, Greetings from Hyderabad! I have come across many organizations which are registered as Societies but the PAN is reflecting the organizations as Trusts. This is based on the 4th letter in the PAN. In case of online filing, … Continue reading →

Dear All, Can A Panchayath receive Foreign Funds as Grants without any FCRA or such registration? Can A Panchayath receive Foreign Funds as Loan without any FCRA or such registration? The New Legislation on Multi State Societies and even the … Continue reading →

Dear Sir Greetings ! Can anyone suggest me on the following: Our total FC fund includes some amount which belongs to our own. It means it includes the minimum balance in FC Bank account when opened and cumulative interest there … Continue reading →

Dear Sir, We are a principal recipient of foreign funds and we have given sub grants to some organization.Out of the subgrant money , the subgrantee have purchased several assets which includes Furniture and equipment. As part of the contract … Continue reading →

Greetings from Satvik : Promoting Ecological Farming.    We are NGO working in Kachchh district. Recently we have opted Employee Group Gratuity Scheme of LIC. We were advised to seek approval under Part C of the Fourth Schedule of the … Continue reading →

We have an National Outreach Programme Core team project to fund the Core team @ Rs 31 lakhs pa initially.  We asked the donor in May 2013 for a 5 year MOU but sent him a one year budget of … Continue reading →

As many of us would be aware that a Trust’s income as per S. 11 is exempt if it obtains S. 12A exemption certificate. However this does not cover capital gain and Trust is subject to taxation on the same. … Continue reading →