Category Archives: FCRA, TAX, LEGAL

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 →

CBDT has issued instructions to all Chief Commissioners and Director Generals of Income Tax that wherever applications are made for no TDS deduction or TDS deduction at a lower rate under S. 197, these must be disposed off within 30 … Continue reading →

Dear Members, Request you to kindly enlighten me on whether radio stations can avail FC funds?  Also can FC funds be used to open and operate FM/Radio i stations by NGOs? Your prompt reply will be highly appreciated. Regards Raphael … Continue reading →

Cancellation of S.12 A registration As tax authorities are more and more resorting to cancellation of charitable status of Trusts, a Punjab High Court decision would come as a relief. As per the decision, Income Tax authorities must record findings … Continue reading →

Dear Friends, Greetings from Hyderabad! I am writing this mail to seek clarification on the issue of advancing FC funds to the staff of the organization. These advances could be in the form of salary advance, travel advance, program advance … Continue reading →

Following query received from Mr. Sunil Kumar Suryavanshi on the topic “Clarification for preparing FC-6”. Kindly provide your responses. Dear All We have registered under FCRA and regularly filed FCRA return. There is one confusion, we have purchased some assets … Continue reading →

Following query received from Mr. K. Swamidas, on changes in FCRA Bank account. Sir Good Morning I,  K. Swamidas, I have FCRA ( my society name: Live For Christ Ministries). My FCRA bank a/c changed. My FCRA bank old number … Continue reading →

We have received following query from Mr. Priyamvada Singh. Kindly give your responses. We have our trust registered in Bangalore Karnataka under the Trust Act since Dec. 2003 and having FCRA certification (permanent) since 2009. Our FCRA bank account is … Continue reading →

We have received following query from NASEOH on the topic “FCRA Annaul Returns”. Kindly give your responses. Dear Sir, We had filed our Annual Returns under FCRA with the Ministry of Home Affairs, Govt.of India, for the financial year 2011-12, … Continue reading →

Dear Team, How many years we have to keep the financial record s. Regards, Manish Justin Accounts Officer Adventist Development and Relief Agency India (ADRA India) 45 Kusum Marg, Block H, DLF Phase I Gurgaon, 
Haryana – 122002, India