Category Archives: FCRA, TAX, LEGAL

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 →

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 →