Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Revised Income Tax Return for NGOs

A proposal is pending with the Central Board of Direct Taxes wherein all non-governmental organizations (NGOs) will have to compulsorily file details of foreign contributions received along-with their FCRA numbers in a revised I.T.form prepared by the Directorate General of … Continue reading

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Filing of FC-3 Online

Dear Sir We have filed the FC-3 Online to Ministry of Home Affairs, we would like to know, whether we have to send the hard copy also to Ministry of Home Affairs? Is the Auditor signature is necessary for the … Continue reading

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Re-appointment of first trustees with the Charity Commissioner

Dear Sir/Madam, Need your help. We are registered on 24/12/2008 under Bombay Charitable Trust Act and like to know whether we have to file for re-appointment of first trustees with the Charity Commissioner. Thanks, Regards, Arvind Balamkar Finance Associate for … Continue reading

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CBDT’s extensive scrutiny of NGOs

Dear Friends, We share below a news item from recent Business Standard. The news item speaks for itself, so please brace for Govt’s wrath…… CBDT’s extensive scrutiny of NGOs Santosh Tiwari / New Delhi October 31, 2011, 1:15 IST   … Continue reading

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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 Though intention of the legislature is quite clear that 80G exemption is now available in perpetuity till withdrawn by the Dept., however our experience for getting this exemption in perpetuity is … Continue reading

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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

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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

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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

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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

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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