Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Transfer outside India

Dear All, Greetings from CWS, Hyderabad! While I was browsing the website of SRRF, I came across a presentation which had the following 4 points. Grants to NGOs outside country Grants to sister concerns outside country Payment for procurement of … Continue reading

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Query Related to FCRA Registration

Dear dialogue member, We are a delhi based NGO. We have to apply for FCRA registration but our problem is one of our board member is away from Delhi for one year. He is doing MBA there. If we apply … Continue reading

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Query – FCRA Bank Account

Respected Sir, I draw your kind attention towards query we have faced regarding FCRA Project Account.As per the new act organization should open a multiple account under main fcra designated bank account to utilise fc money for relevant project and … Continue reading

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Bankers reluctant in allowing NGOs to open e-Payment Gateways

Recently a case came to light where an NGO who had an e-payment facility on its website was asked to shut down the same. When the matter was taken up with the Banker, it was stated that since the NGO … Continue reading

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Producer Companies —— (3)

In this series on Producer Company, the following post covers status of various Producer companies as being practiced in India. The data has been collated for information of SRRF Dialogue members from search on Internet. Hope the members would find … Continue reading

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Producer Companies —— (2)

In this series on Producer Company we bring the legal aspect of formation.  Introduction The concept of Producer company was introduced in May 2002 by introducing a new Part IXA in the Companies Act. The provisions from S. 581A – … Continue reading

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CSR Provisions under Clause 135 in Companies Bill passed by Lok Sabha

In a positive development for the Sector, Lok Sabha has passed Companies Bill 2011. The Bill includes provision for a mandatory 2% CSR contribution by the companies. Clause 135 requires that every company which fulfills any of the following criteria … Continue reading

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Interest on loans – is it commercial activity?

Dear Friends, Greetings from CWS! I have the following query: 1. We are providing drip irrigation kits to farmers wherein there is a subsidy component of 50% from the Agriculture Department, Govt of AP, contribution from farmers and CWS contribution … Continue reading

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Large number of NGOs not filing FCRA Annual Return

Large number of NGOs are not filing Annual Return as per data released by FCRA Department. 18507 (FY 2009-10 : 16855) FCRA registeredNPOs have not filed their annual return for the financial year 2010-2011. Highest number of NPOs belong to … Continue reading

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ISSUES RELATED TO TDS REFUND

Dear Sir/Madam Due to non-availibility of PAN in the records of the bank, the bank made TDS @ 20%. In Form16A, PAN of deductee says ‘PANNOTAVAILABLE’ stating the Q-TDS Return has been filed without giving the credit to the PAN … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments