Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Donation from MNC – Local or FCRA?

Posted on November 30, 2011 by SRRF

Dear all, We have received donation by cheque in Indian Rupees from an Multi National Company incorporated in India. Should this donation treated as an FCRA donation or a local donation. Thanks & Regards, Arvind Balamkar Finance Associate for TeachForIndia … Continue reading →

Posted in FCRA, TAX, LEGAL | 7 Comments

FCRA Clarification

Posted on November 28, 2011 by Subhash Mittal

From: NSWC Sent: Saturday, October 29, 2011 1:06 PM To: srrf-dialogue@yahoogroups.com Subject: [srrf-dialogue] Clarification on whether to mention “For Private Circulation Only” in the electronic news bulletin of the NGO as per new FCRA Act Dear Subhash Ji, Season’s Greetings … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Govt to probe Danish funding

Posted on November 21, 2011 by SRRF

As per a report in Indian Express, the Govt of India has initiated an inquiry against some NGOs that foreign funds are being used to fan political unrest in the country, by creating a platform of protests and agitations against … Continue reading →

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Revised Income Tax Return for NGOs

Posted on November 21, 2011 by SRRF

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

Posted on November 21, 2011 by SRRF

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 →

Posted in FCRA, TAX, LEGAL | 1 Comment

Re-appointment of first trustees with the Charity Commissioner

Posted on November 16, 2011 by SRRF

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 →

Posted in FCRA, TAX, LEGAL | 4 Comments

CBDT’s extensive scrutiny of NGOs

Posted on November 2, 2011 by SRRF

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 →

Posted in FCRA, TAX, LEGAL | 7 Comments

S. 80G applications

Posted on October 24, 2011 by SRRF

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

Posted on October 14, 2011 by SRRF

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

Posted on September 7, 2011 by SRRF

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