Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

India emerging as a new face among donors

Posted on May 30, 2012 by SRRF

India was the largest recipient of foreign aid between 1951 and 1992. India received about $55 billion in foreign aid. Now, it seems a transformation is going to take place- India’s switch from world’s biggest recipient to donor is a … Continue reading →

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Tender Money

Posted on May 24, 2012 by SRRF

Dear Friends, I have a query and would request you all to respond. We have a EU supported project and as part of the guielines we have to float a International Open Tender for procurement. My point is as follows: … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

VAT Applicability for charities

Posted on May 12, 2012 by SRRF

Dear SRRF Members, Can you please let me know whether there is any exemption available for registered charities on VAT payment? In some cases when we purchase equipment we are charged VAT. Can we tell the sellers not to charge … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

FCRA applicability

Posted on May 10, 2012 by SRRF

Dear SRRF Members, We have received a new query on FCRA Applicability, from Venkat Raidu 1. Is FCR Act applicable to those agencies which are formed by Act of Parliament? Or 2. they can receive funds without registrations? Looking forward … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

Query- Service Tax

Posted on April 26, 2012 by SRRF

  Dear SRRF members, We have received a new query under Service Tax, from Sachchida Kindly let us know:- 1. Manufacturing of lather garments excisable & rate of excise. 2. Applicability of service tax if manufacturing on jabwork basis. Looking forward to your … Continue reading →

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Query-Service Tax

Posted on April 20, 2012 by SRRF

Dear SRRF members, We have received a new query under Service Tax, from B V Soma Sastry ” I am attaching a circular issued by the GoI on 17.03.2012 with regards to Service Tax wherein organizations registered under section 12aa of the IT … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Query- TDS

Posted on April 20, 2012 by SRRF

Dear SRRF members, We have received a new query under TDS, from Collen Margaret ” I am working for a Reg. Society where our main source of income is Rentals for which I have obtained TDS exemption certificate from IT department. Apart … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

Query-FCRA

Posted on April 19, 2012 by SRRF

Dear SRRF members, We have received a new query under FCRA, from B V Soma Sastry ” I have two questions: Can grants be given from utilization FC account? Do we have to send the bank statements of the utilization accounts along with … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Query- CSR

Posted on April 10, 2012 by SRRF

  Dear SRRF members, We have received a new query under CSR, from Uday Shankar As a lay person trying to dabble with accountability issues which should be the concern of one and all engaged in development action, I seek … Continue reading →

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Query- Income Tax-Sec 12A

Posted on April 10, 2012 by SRRF

Dear SRRF members, We have received a new query under Income Tax from Ms. Leela Tirthani “The NGO should however be registered u/s 12A.” this mean if a NGO does not have 12A registration TDS will be deducted on the Grant-aid received ?” … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments