Category Archives: FCRA, TAX, LEGAL

Dear Members, I like to know whether the building and assets made by foreign donation collected by an organisation holding FCRA can be given to another organisation on lease basis. Whether lease or rent is permissible by the Ministry of … Continue reading →

Sir, I have a query that our NGO BRWAS is Registered Under Societies Act 1961, WB (Not FCRA Registered) A NRI servicing in Singapore. He wants to transfer money for development of School in India .Can he transfer from his … Continue reading →

Thanks for providing information on 80G donations which is really helpful. I have following further queries: 1. Do we need to report all the donations and grants i.e. FCRA and Local or only Local?2. If FCRA also then what do … Continue reading →

Till FY 2020-21, all donors who gave donations to NGOs, could claim tax benefit under section 80G on the basis of self declaration and attachment of a receipt issued by the NGOs receiving donations. The receipts normally have details of … Continue reading →

Sir, I would like to receive clarification for the below points: a)        As a society having FCRA registration can we help other Institutions ( not belonging to us or neither registered with FCRA) acquire assets like Computers, Vehicle etc., … Continue reading →

Accounting Software with Audit Trail: All companies are now required to maintain accounting system, which has audit trail. The Govt has amended Companies (Audit & Auditors) Rules 2014. In the proviso for Rule 3(1) it has stated that effective 1st … Continue reading →

FCRA Renewal has been again extended to 30th June 2022. A sigh of relief from the tension, that many of the NGOs who have been waiting endlessly for their renewal process to be completed, however the Dept. is yet to … Continue reading →

A society registered under society act is running a educational institution.It is not yet registered under Sec 12A of Income tax act. In f y 2020-21 its revenue fee receipts from school are less than 1cr and after claiming all … Continue reading →

CBDT has extended the due date for the filing of various reports of audit under the provisions of the Income-tax Act,1961 (Act), in respect of the following compliances: The due date of furnishing of Report of Audit (Form 10B) forNPOs … Continue reading →

Dear Sir,   We have following queries regarding FCRA : 1. Can advances be given to Project staff for expenses to be incurred in the field, If not, what is the remedy when the expenses can not be paid directly … Continue reading →