Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Penalty for filing of delayed FCRA Return

One of our NGO has received new bank account details of SBI New Delhi after 01-07-2021 so they could not file form no. FC-4 upto 30-06-2021. Now at the time of filing the form FC-4 system asks for a penalty … Continue reading

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Overseas citizen of India (OCI) can be the president of an NGO

Please clarify whether Overseas citizen of India (OCI) can be the president of an NGO registered under FCRA. Regards A.P. Singh

Posted in FCRA, TAX, LEGAL | 1 Comment

Implications on Sale of Immovable Asset bought from FCRA fund

Dear Members Greetings from the IRDWSI! Query regarding Sale of land and buildings bought from FCRA funds. We would like to have any information regarding sale of assets bought from FC Funds before 2020 Amendment and to be sold after … Continue reading

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Accounting of Income generated from training center build by FCRA Fund

Respected all Our organisation is working in Rajasthan on various issues of the area and development issues. We have a training center here in the city built with FC fund. As we hear from here and there that as per the new … Continue reading

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Last Date extended ‎

Ministry of Finance has decided to extend following major dates, where NGOs have direct stake: COMPLIANCE EARLIER DATE EXTENDED DATE Statement of Deduction of Tax  (Rule 31) 30 June 2021 15 July 2021 Form 10A & Form 10AB : Application … Continue reading

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CLASSIFICATION OF EXPENSES

Dear Sir, I am Finance Manager at an NGO.   We maintain Books of Account for All Donor Project wise separate for each donor. Now we had an Community event  (Six Monthly /Yealry). We had booked Event Expense in one … Continue reading

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Last date for filing FCRA Annual return (Form FC-4) FY ‎‎2019-20 is approaching fast.‎

This is just a reminder to those who have not yet filed their FCRA Annual Return (FC-4) for the Financial Year 2019-20. “Please note last date for filing FC-4 is 30th June 2021” Applications for Annual Return have to be filed … Continue reading

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Last date for applying for renewal of 12A & 80G certificates approaching fast

This is just a reminder to those who have not yet applied for renewal of their 12A & 80G certificates. Please note last date for applying is 30th June 2021. If not applied by that date, your existing registrations of … Continue reading

Posted in FCRA, TAX, LEGAL | 6 Comments

Can In-kind FC contribution be given to Govt Hospitals?

As we all know, FCRA 2020 made some fundamental amendments, and now it is not possible for a NGO to transfer Foreign Contribution (FC) including in kind Foreign contribution to another NGO. The pandemic has resulted in a lot of … Continue reading

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Filing of return by NGOs under Lokpal and Lokayuktas

Dear Sir Thanks for the information. Please guide us in Is it Mandatary to file annual returns of assets and liabilities of all director board members under the Lokpal and Lokayukt as if FCRA funding received more than 10Lakh With … Continue reading

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