Category Archives: FCRA, TAX, LEGAL

Dear Members,‎ Last date for filing of Form 10BD approaching fast, tomorrow 30th June 2023 is the last date. We hope most of organisation have filed Form 10BD, if not yet filed, file your Form ‎‎10BD before the last date.‎ … Continue reading →

Form 10BD(Annual return for declaring S.80G receipts): As many of you would know that for FY 2022-23, Form 10BD for declaring donations received under S.80G is required to be submitted to the authorities by 31st May 2023. There is some … Continue reading →

Dear Members, Can you please let me know  1. if it is permissible to receive money from a foreign source towards the payment of school fees (of a semi orphan) considering the fact that the recipient school does not have … Continue reading →

SRRF is happy to inform all SRRF Dialogue members, particularly who have been anxiously waiting for their FCRA renewal, that FCRA Dept has extended the validity of existing FCRA registration certificates upto 30-09-2023. This is applicable to all those who … Continue reading →

As many of you would know that from current FY (FY22-23 ~AY 23-24) NPOs will be allowed application under S.11 on payment basis, i.e., any payment not made, and accounted as liability will not be allowed as application. Therefore it … Continue reading →

Dear Sir ‎There is amendment in the law that if the donation is paid to other registered trusts / ‎institution, only 85% of such donation shall be treated as application for charitable / religious ‎activities.‎ ‎Can you please explain little … Continue reading →

  SC provides clarity on ‘Charitable Purpose’ under S.2(15) on clause relating to General Public Utility   Asst. CIT (E) v Ahemdabad Urban Development Authority 2022 (143 taxmann.com 78 (SC) ~ Order dt 3-11-2022)   SC has clarified law relating … Continue reading →

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As we all know, FCRA rule 17 requires that every FCRA registered NPO must submit Financial Statements of Balance Sheet, Income & Expenditure and Receipt & Payment alongwith the Annual return (FC4). Generally most NPOs submit FCRA financial statements, however … Continue reading →

As per latest FAQ issued by FCRA Dept., a company incorporated in India will not be treated as ‘foreign source’, even if it has operations in more than two countries. To see latest FAQs please visit https://fcraonline.nic.in/home/PDF_Doc/fc_faq_04102022.pdf It may be … Continue reading →