Monthly Archives: July 2013

Limit for transfer of Sub-Grant to FCRA Registered Organisation

Following query received form Pragya: Our Organisation is FCRA registered organisation . We give sub grants to other FCRA registered Organisations. Is there any limit of transferring of funds (as grants) to registered organisation. In Sec 7 (Rule 24), it … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

Valuation of assets

Dear Friends,   Greetings!   I was visiting one of our partners in Odisha. The NGO told me that they are unable to get the Government projects since the Government is seeking a minimum fixed assets of Rs. 500000/- with … Continue reading

Posted in FCRA, TAX, LEGAL | 5 Comments

What is the Section 35AC, eligibility and process to obtain?

Dear Friends Recently lot of individual are saying large fund will come from foreign delegate it are around crores of Rupees. They are asking 35 AC. So I have no Idea on 35 AC. Please any one have well idea … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Corpus of Social Service Organization

Dear friend Greetings from Ashok Shamala, CRIDA. Andhra Pradesh. Please clarify my doubt about corpus funds of social service organizations. one organization how to develop the corpus fund and can corpus fund  collect from public and individuals? what are tax … Continue reading

Posted in FCRA, TAX, LEGAL | 4 Comments

ITR 7 to be filed electronically

It is brought to the notice of all that Income Tax return (ITR 7), which till last year was being filed manually, is now required to be filed electronically from current Assessment Year. So please do take care while you … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments