Category Archives: FCRA, TAX, LEGAL

For details see below: [2011] 128 ITD 177 (Bang.) IN THE ITAT BANGALORE BENCH ‘A’ i25 Rural Mobile Commerce Services v. Director of Income-tax (Exemptions)* DR. O.K. NARAYANAN, VICE-PRESIDENT AND GEORGE GEORGE K., JUDICIAL MEMBER IT APPEAL NO. 1120 (BANG.) … Continue reading →

Whether income received from FCRA fund can be deposited in FCRA utilisation bank account? Rajneesh

Dear SRRF members, I would really appreciate if you can answer my queries. – Does a foreign NGO require FCRA registration if they are only purchasing goods and services with foreign funds? (As per Sec2 (h) (iii) Explanation 3 of … Continue reading →

Recently I was asked to comment on treatment of FC assets received in kind. Any assets received in kind are also to be treated as part of foreign contribution (till now govt. has not prescribed any financial limit so all … Continue reading →

Dear SRRF Dialogue members, We have received a new query under FCRA,  from Sumanta Sen Roy (Partner, Hooghly) ” Whether any written permission is required from Ministry of Home Affairs to open a bank A/C for expenses of F.C. Grant?” Best regards, Tanvi Dogra … Continue reading →

Dear SRRF Dialogue members, We have received a new query under Income Tax,  from Mr. KPS Varadhan, HiH ”Please explain the profit on sale of Asset in NGO’s ?” Best regards, Tanvi Dogra SRRF Dialogue, Coordinator ____________________________________ Socio Research & Reform Foundation (A Non Government … Continue reading →

Printing of books held as incidental business activity thus allowed being exempt from Tax In a recent ruling in case of Bhartiya Vidyapeeth (Pune) decided by Income Tax Tribunal in Jan 2012, it was held that when a Trust is … Continue reading →

Dear SRRF Dialogue members, We have received a new query under Other Allowance reg. from, Mr. D. Sagayadoss ”Our Organisation revised our new pay scale from 01-01-2012 with the following allowances: 1. Dearnes allowance 2. House rent allowance 3. Other … Continue reading →

Dear SRRF Dialogue members, We have received one more query under Income Tax Act 1961 from, Mr. K.P.S Varadhan, HiH ”Kindly clarify whether Self Education expenses can be allow under section 80E of Income Tax Act 1961, when there is … Continue reading →

Dear SRRF Dialogue members, We have received a new query under FCRA from, Mr. Thiyagarajan D, Hand in Hand India Trust ”What is the difference between FORM FC- 6 and FORM FC-3?’’. Thanks and regards, Tanvi Dogra SRRF Dialogue, Coordinator … Continue reading →