Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Clarifications on ITR 7

Posted on October 12, 2013 by SRRF

Following query received from Mr. Sunil Kumar Suryavanshi of SAMARTHAN CENTRE FOR DEVELOPMENT SUPPORT. Dear Sir IT department provide ITR-7 online filling facility from this year. Some point are confuse to us as below: PART A-GEN d) Details of the … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

ESI applicability on non-profit organisations

Posted on September 7, 2013 by SRRF

Dear Dialogue Members, Greetings from SRRF!!! A query has been rec’d from an NGO running an orphanage in southern India. It is a society registered under Tamilnadu Societies Registration Act of 1975. An inspection was undertaken at the orphanage by … Continue reading →

Posted in FCRA, TAX, LEGAL | 7 Comments

FCRA obligation for accepting reimbursement cost from foreign countries

Posted on August 30, 2013 by SRRF

Dear Dialogue Members, Greetings from SRRF!!! Following query received from Mr. Subodh of BRLP. Dear Sir, I am from a Govt Society . People from foreign country like Indonesia / Bangladesh want exposure visit of our society. We have to … Continue reading →

Posted in FCRA, TAX, LEGAL | 5 Comments

TDS on Bank Interest for NGOs

Posted on August 30, 2013 by SRRF

Dear Dialogue Members, Greetings from SRRF!!! Following query received from Mr. Vidya Sagar Devabhaktuni of SKG Sangha. Dear Sir, This is an NGO registered under the societies registration act. We have the following doubts: When we receive foreign funding for … Continue reading →

Posted in FCRA, TAX, LEGAL | 7 Comments

Taxability of Corpus

Posted on August 22, 2013 by SRRF

Dear Dialogue Members, Greetings from SRRF!!! We have received following query from Mr. Sudhendu Das of SSDC: Dear Sir, Greetings from SSDC! if  we generate corpus fund in our national account for use any accident or serious cases in future, … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

CSR is now mandatory as Companies Bill passed by Rajya sabha

Posted on August 8, 2013 by SRRF

Dear SRRF Dialogue Members, As you all know that SRRF organised a RoundTable yesterday on CSR and released a Report on 100 top Corporates CSR programmes. The event was well attended. Through this post we bring all of you up … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

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