Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

Extension of timelines for filing of ITR and various reports of audit for the AY: 2021-22

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

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Can FCRA expenses be reimbursed to Non-FCRA A/cs?

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

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FCRA Registration Date extended

We are so happy to inform all of you all that Ministry of Home Affairs has extended the validity of FCRA registration certificates to 31st March 2022. It is applicable to all those entities whose registration initially was due to … Continue reading

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GST on Grants

Some of you may have heard news that as per a recent decision, Grants are to be covered under GST. SRRF Dialogue examines the case and its implications.  Jayshankar Gramin Va Adivasi Vikas Sanstha, (referred to as JGAVS)an NPO is … Continue reading

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Uncertain times for status of FCRA Renewal ‎

These are uncertain times for most NPOs registered under FCRA. Last time most NPOs FCRA was renewed on 31st Oct 2016 or a date close to it, hence as per rules, FCRA was to expire five years later on or … Continue reading

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Can Local proceeds rec’d on sale of FC assets be deposited to FCRA account?‎

The issue of receiving proceeds from non-FCRA sources has always been a prickly issue, as often bankers do not allow remittances from local sources to be deposited in the FCRA bank account. SBI has now started allowing deposit of proceeds … Continue reading

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Charity Commissioner – Maharashtra : Due Date for Annual ‎Return extended

As many of you, particularly from Maharashtra region, would be aware that each Charitable Trust / Society needs to submit their Annual Return within 15 days after 30th September. However due to Covid, Govt of Maharashtra has been extending this … Continue reading

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12A and 80G Approval

Dear Sir, We have received an order giving provisional certificate for 12A and 80G. Could you please advise how long it takes to get the original certificate ?  Or, this would suffice for next 5 years. Best, Wikky

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FCRA implication in paying education fees directly to Institutions

Hello I found your website through internet.  I read many of articles and it’s give me very good knowledge. I am living in Canada and working with few NPO here. My question is regarding sponsoring the education from Canada. How … Continue reading

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80G Donation Format

Greetings ! Is there any format issued by Income Tax or any government department for issuing 80G donation receipt. The receipt an NGO issues when a donation is received. Any particular format and what all details of donor and NGO … Continue reading

Posted in FCRA, TAX, LEGAL | 6 Comments