Category Archives: FCRA, TAX, LEGAL

Qtly disclosure of FC rec’d no longer requiredRule 13 (b) which required that FC rec’d in a quarter needs to be disclosed within 15 days has now been removed from FCRA rules. This means there is no need for publishing … Continue reading →

We are happy to inform you all that Ministry of Home Affairs re-extended the ‎validity of registration certificates of such entity whose validity was extended till 30 June 2022 vide Public Notice dated 24 March 2022 and whose renewal application … Continue reading →

Dear Members, We have received FC fund in SBI FCRA designated accounts. We transferred the fund to FCRA Utilisation account (other bank). Can we be allowed to make FD from FC utilisation Bank accounts in different banks for earning higher … Continue reading →

Dear SRRF Team, I am writing to inquire if any excess funds donated to an FCRA account can be transferred back to the donor? I am a foreign citizen who had partnered with an FCRA approved Indian non-profit to implement … Continue reading →

Dear Members, I like to know whether the building and assets made by foreign donation collected by an organisation holding FCRA can be given to another organisation on lease basis. Whether lease or rent is permissible by the Ministry of … Continue reading →

Sir, I have a query that our NGO BRWAS is Registered Under Societies Act 1961, WB (Not FCRA Registered) A NRI servicing in Singapore. He wants to transfer money for development of School in India .Can he transfer from his … Continue reading →

Thanks for providing information on 80G donations which is really helpful. I have following further queries: 1. Do we need to report all the donations and grants i.e. FCRA and Local or only Local?2. If FCRA also then what do … Continue reading →

Till FY 2020-21, all donors who gave donations to NGOs, could claim tax benefit under section 80G on the basis of self declaration and attachment of a receipt issued by the NGOs receiving donations. The receipts normally have details of … Continue reading →

Sir, I would like to receive clarification for the below points: a)        As a society having FCRA registration can we help other Institutions ( not belonging to us or neither registered with FCRA) acquire assets like Computers, Vehicle etc., … Continue reading →

Accounting Software with Audit Trail: All companies are now required to maintain accounting system, which has audit trail. The Govt has amended Companies (Audit & Auditors) Rules 2014. In the proviso for Rule 3(1) it has stated that effective 1st … Continue reading →