Monthly Archives: March 2013

Transfer of Assets u/s 35AC

Dear Sir, We are having exemption u/s 35 AC for specific one project. We want to know after completion of the project can we transfer asset from project to the organization? Regards, Sushma Bhonsale Head – Accounts Deepak Foundation Within … Continue reading

Posted in FCRA, TAX, LEGAL | 4 Comments

Workshop & FCRA

My Query is: If a NGO organize a workshop with the help of foreign organisation and the funds that comes through them in NGO’s bank (which has no FCRA) Will it be considered as a donation? The foreign organisation has … Continue reading

Posted in FCRA, TAX, LEGAL | 10 Comments

Challenges of implementing of RTE

Right to Education is creating its own problems. As the Govt’s sustained campaign to enhance attendance in schools is bringing over 90% of children to schools, predictably it is also creating infrastructural problems. At primary level currently there are 5.23 … Continue reading

Posted in Education | Comments Off on Challenges of implementing of RTE

Debt as FC

Dear Friends, Greetings from CWS! I have a query on debt. The query is: Can a secured or an unsecured debt be treated as FC money? If yes, under what circumstances? Thanks and regards, _____________________________________ B V Soma Sastry Director … Continue reading

Posted in FCRA, TAX, LEGAL | 1 Comment

Transfer outside India

Dear All, Greetings from CWS, Hyderabad! While I was browsing the website of SRRF, I came across a presentation which had the following 4 points. Grants to NGOs outside country Grants to sister concerns outside country Payment for procurement of … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Query Related to FCRA Registration

Dear dialogue member, We are a delhi based NGO. We have to apply for FCRA registration but our problem is one of our board member is away from Delhi for one year. He is doing MBA there. If we apply … Continue reading

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SEWA Bank – An All Women Bank has been functioning for almost last 30 years

Finance Minister in his Budget has proposed launch of an all Woman Bank in public sector. Perhaps, he may want to consult SEWA Bank, an all women bank serving women customers. It has been functioning since 1974. The Bank works … Continue reading

Posted in General | 2 Comments