Category Archives: FCRA, TAX, LEGAL

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 →

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 →

Dear friends, May I raise a related but different question for expert advice? Grants need not be shown in the Balance Sheet excepting in Income and Expenditure Statement. That way one can legally circumvent the tax and or ceiling limitations … Continue reading →

Hello Every one, I have a question, regarding the amount to be deposited in the FCRA bank account. When we give advance or Loan to the field staffs from FCRA bank account and when they repay this amount, we need … Continue reading →

We are sec 25 and 12 A registered and have FCRA certificate. We have been given a grant to manage the Project in partnership with the donor. There would be 10 NGO’s from sector and 20 employees of the donor. … Continue reading →

Dear all My office has given one contract agreement to an architecture for doing some renovation work costing around Rs 6 lakh. So whether this should be a contract agreement or consultancy agreement as Architecture are treated as professionals. what … Continue reading →

Dear SRRF Friends, 21st December 2011 May I seek the opinion or correct position regarding prior permission as per the recently amended FCRA. I am closely associated with few organisations working with HelpAge India. These organisations are managing Elderly Self … Continue reading →

Friends, I would like to initiate a new topic on a dilemma which all the associations (and their financial advisors) face whenever preparing annual return (FC3). What does closing balance in FC3 should represent, should it be funds as per … Continue reading →

Dear SRRF Members I have received reimbursement of abroad travel expenses towards attend the project workshop., Kindly suggest the amount which type treat Local or FCRA and where deposit FC Bank account or Local account. Regards Sunil K Suryavanshi