Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Limit for transfer of Sub-Grant to FCRA Registered Organisation

Posted on July 19, 2013 by SRRF

Following query received form Pragya: Our Organisation is FCRA registered organisation . We give sub grants to other FCRA registered Organisations. Is there any limit of transferring of funds (as grants) to registered organisation. In Sec 7 (Rule 24), it … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

Valuation of assets

Posted on July 16, 2013 by SRRF

Dear Friends,   Greetings!   I was visiting one of our partners in Odisha. The NGO told me that they are unable to get the Government projects since the Government is seeking a minimum fixed assets of Rs. 500000/- with … Continue reading →

Posted in FCRA, TAX, LEGAL | 5 Comments

What is the Section 35AC, eligibility and process to obtain?

Posted on July 9, 2013 by SRRF

Dear Friends Recently lot of individual are saying large fund will come from foreign delegate it are around crores of Rupees. They are asking 35 AC. So I have no Idea on 35 AC. Please any one have well idea … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Corpus of Social Service Organization

Posted on July 9, 2013 by SRRF

Dear friend Greetings from Ashok Shamala, CRIDA. Andhra Pradesh. Please clarify my doubt about corpus funds of social service organizations. one organization how to develop the corpus fund and can corpus fund  collect from public and individuals? what are tax … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

ITR 7 to be filed electronically

Posted on July 1, 2013 by SRRF

It is brought to the notice of all that Income Tax return (ITR 7), which till last year was being filed manually, is now required to be filed electronically from current Assessment Year. So please do take care while you … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

QUERY ON TDS ON SALARY & LOSS FROM HOUSE PROPERTY

Posted on June 25, 2013 by SRRF

Dear Members My query is regarding TDS on Salary & Loss from House Property. An employee is working in Delhi & is paying Rent & is claiming HRA tax rebate. He also has taken a Housing Loan and the House … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

Documents to be required with annual return

Posted on June 20, 2013 by SRRF

Dear SRRF Members, I have a query. The question is What document is attached with Fc-6 send to the ministry?FC Balance sheet or NFCRA Balance sheet. Thx Premjit Nidan

Posted in FCRA, TAX, LEGAL | 2 Comments

Important Service Tax changes

Posted on June 14, 2013 by SRRF

Dear SRRF Dialogue Members, Govt has amended Service Tax effective April 2013 to the detriment of NGO community. As you may be aware from our earlier posts that effective July 2012 Service Tax was  not applicable to NGOs, if two … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Renewal of FCRA Registration

Posted on June 13, 2013 by SRRF

Dear Sir Greetings from Ashok Shamala I would like to know about fcra renewal. how can i apply for renewal and which documents are need to submit at ministry. when will start renewal year. Thank you. Regards Ashok Shamala Director

Posted in FCRA, TAX, LEGAL | 3 Comments

Taxation of charitable organization

Posted on June 12, 2013 by SRRF

Dear Sir/Ma`am I have come to known this email id through one of my friend. Sir/Ma`am can i request you to provide your expert opinion for below mentioned query?? “As per Income Tax Act , Section 29 – 43 are … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment