Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Recent Tax case decided favouring Charitable Trust

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

Posted in FCRA, TAX, LEGAL | 1 Comment

Query- Other Allowance reg.

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

Posted in FCRA, TAX, LEGAL | 5 Comments

Query- Regarding Claim under 80 E of Income Tax Act 1961

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

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Query- Differentiate between FC3 and FC6?

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

Posted in FCRA, TAX, LEGAL | 5 Comments

Claiming of deduction U/s 80CCF

Dear SRRF Dialogue members, We have received a query under Income Tax from, Mr. K.P.S Varadhan,Hand in Hand India ”What type of Funds is covered or eligible under the Section 80CCF?” Looking forward to your response. Thanks and regards, Tanvi Dogra SRRF … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Does FCRA Act allow to any sale of Asset?

Dear SRRF Dialogue members, We have received a new query under FCRA from, Mr. Thiyagarajan D ”Does FCRA Act allow to any sale of Asset? Kindly give me crystal Clear explanation”. Looking forward to your response. Thanks and regards, Tanvi Dogra SRRF … Continue reading

Posted in FCRA, TAX, LEGAL | 6 Comments

FCRA procedure to be adopted, to remove Trustees as per new ACT

Dear SRRF Dialogue members, We have received a query under FCRA from, Mr. A.C. Sridharha, Akshara Foundation ‘’In our organization, around 50% of the trustees who hardly attend BOT meetings will be replaced. Please let me know what procedure we … Continue reading

Posted in FCRA, TAX, LEGAL | 4 Comments

Transfer of fund outside India by NGOs

Hi, Is there any Law enforced in India which prohibits  NGO based in India to make grant/contribution for a project to a foreign  individual or to an organization  of a foreign country? Looking forward to your response. Shekar IFA

Posted in Foreign Funding | 1 Comment

Renewal of 80G / 35AC

I am informed that the Government of India has recently come out with a notification stating that the 80 G / 35 AC tax exemption certificate is not required to be renewed periodically. Please advise as some of our partner … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

TDS implication of a foreign national

Dear All, I would like to know the TDS implication of a foreign national who doesn’t have PAN under the following categories. 1.       A foreign national who have joined an organization under PROFESSIONAL FEE, what will be the TDS impact? … Continue reading

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