Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

S. 80G applications

Dear Asif, I am sorry for rather delayed reply. Though intention of the legislature is quite clear that 80G exemption is now available in perpetuity till withdrawn by the Dept., however our experience for getting this exemption in perpetuity is … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Section 25 Company

HI All, Can a section 25 company after its formation apply for FCRA registration to MHA? If yes, does it need to satisfy of RS. 10,00,000 expenditure ( turn over) in its balance sheet? — Regards. Ranjit Paik, Freeset Bags … Continue reading

Posted in FCRA, TAX, LEGAL | 7 Comments

Transfer of FC money outside India

Dear Friends, I am facing a practical problem. We have recently signed an agreement with EU for a 5 year project. As part of the project proposal we had included GUES, Denmark as one of the partners (In EU language, … Continue reading

Posted in FCRA, TAX, LEGAL | 9 Comments

Notification issued on compounding matters

Dear SRRF Dialogue members, Greetings!!! Group members please find latest notification on compounding of FCRA violations by the Ministry of Home Affairs on FCRA ACT, 2010  S.O. 1976 (E), Dated 26-8-2011.   SECTION 41 OF THE FOREIGN CONTRIBUTION (REGULATION) ACT, 2010 – COMPOSITION … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Interest earned on FC money

Dear Sir, When we receive grant for some specific program, it comes with a condition that any interest earned on the said grant should be treated as donor grant fund only. I have two queries on this: 1. Will the … Continue reading

Posted in FCRA, TAX, LEGAL | 8 Comments

Payment Gateway

At our organisation we are exploring the option of initiating a payment gateway.Would appreciate pointers for choosing an appropriate vendor. Who are the most popular vendors among NGOs. Are there any special concessions that we could negotiate from the vendors? … Continue reading

Posted in FCRA, TAX, LEGAL | 7 Comments

Pay Pal accounts and e-LS international a/cs

Dear Sir, Your workshop on DTC & FCRA is very useful and gave an intro to the amendments in both. I attended the workshop in Chennai and thankful to you for making the day 100% useful. Now many online international … Continue reading

Posted in FCRA, TAX, LEGAL | 1 Comment

Query on FCRA

Dear S.Mittal Sir, I have attended your FCRA workshop held in Chennai on 8th July (organized by CSO Partners). I have a query on transferring our FC fund to a few un-registered organization. This is mentioned that as per Rule … Continue reading

Posted in FCRA, TAX, LEGAL | 28 Comments

FCRA Act 2010 & Draft Rules

As informed earlier through the SRRF Dialogue e-group, Govt has passed FCRA 2010 Act in September 2010. However the Act is still in abeyance as the rules have not been finalized. MHA has posted draft rules on its web-site, inviting … Continue reading

Posted in FCRA, TAX, LEGAL | 10 Comments

FCRA Rules Comments Invited

We refer to our yesterday’s message we will again emphasis that the rules are not yet final. These are draft rules and the Ministry of Home Affairs has invited comments on the same. This is why it is important that … Continue reading

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