Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Query- FCRA ”May we request you to help us to guide submission of application for registration of FCRA?”

Posted on March 26, 2012 by SRRF

Dear SRRF members, We have received a new query under FCRA from Mr. S.P Ghosh’ President, CCDS, Bankura ”May we request you to help us to guide submission of application for registration of FCRA?” Looking forward to your response. With … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Query- FC Money

Posted on March 22, 2012 by SRRF

Dear Friends, I have a problem on hand from one of the partners and the problem goes like this: 1.       Donor gave Rs. 20000/- in cash during the visit to the partner. The money was not put in the FC … Continue reading →

Posted in FCRA, TAX, LEGAL | 5 Comments

Query- Can an Indian NGO open a branch office in USA ?

Posted on March 21, 2012 by SRRF

Dear SRRF Dialogue members, We have received a set of queries from ‘Priyamvada Singh’ Q.1. If a registered NGO in India plans to set up a branch office/chapter in USA (Mainly to mobilize resources/support for its India based social development … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

Latest changes brought in Budget Impacting NPO sector

Posted on March 17, 2012 by SRRF

1) No deductions shall be allowed under Section 80G & 80GGA in respect of donations of any sum exceeding ten thousand rupees paid in cash 2)  If your income has been charged to Income Tax in one year that does … Continue reading →

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In a recent case it has been held that if an NGO whose charitable activities fall under ‘Other activities of Public Utilities’ than a business activity of such an organization will be taxable

Posted on March 16, 2012 by SRRF

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 →

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

Posted on March 16, 2012 by SRRF

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

Posted in FCRA, TAX, LEGAL | 5 Comments

Query- FCRA

Posted on March 13, 2012 by SRRF

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 →

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Transfer of Assets received in kind

Posted on March 9, 2012 by SRRF

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 →

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Query- ” Whether any written permission is required from Ministry of Home Affairs to open a bank A/C for expenses of F.C. Grant?”

Posted on March 6, 2012 by SRRF

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 →

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Query- Tax treatment of Capital Gain on sales of Assets in charitable Trusts/NGO

Posted on March 5, 2012 by SRRF

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 →

Posted in FCRA, TAX, LEGAL | 1 Comment