Monthly Archives: January 2014

Liberal interpretation of investment by Trust

Posted on January 30, 2014 by SRRF

As many of us would be aware that a Trust’s income as per S. 11 is exempt if it obtains S. 12A exemption certificate. However this does not cover capital gain and Trust is subject to taxation on the same. … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Neo Natal Infant Mortality Rate major contributor to IMR

Posted on January 27, 2014 by SRRF

India’s Infant Mortality Rate (no. of children dying within one year of birth) has come down significantly to 44 per 1000 (compared to 63 in 2001). Major contributor, almost 70%, to IMR is neonatal mortality rate (NMR), i.e. children dying … Continue reading →

Posted in Child Rights | Comments Off on Neo Natal Infant Mortality Rate major contributor to IMR

Time-bound service

Posted on January 25, 2014 by SRRF

CBDT has issued instructions to all Chief Commissioners and Director Generals of Income Tax that wherever applications are made for no TDS deduction or TDS deduction at a lower rate under S. 197, these must be disposed off within 30 … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on Time-bound service

CENSUS Results for Delhi

Posted on January 22, 2014 by SRRF

As per Census 2011 Delhi’s population is 16.8 million (2001: 13.85 million). Male: 53.53%, Female 46.47%, children (0-6) 12%. Total number of households 3.44 million (Urban 97.5% Rural : 2.5%). It is the most densely populated city, with 11320 persons … Continue reading →

Posted in General | 5 Comments

Financial inclusion – making progress but still miles to go

Posted on January 20, 2014 by SRRF

Crisil, the rating agency has developed a financial inclusion index for India’s districts. The Index is called INCLUSIX. It is a ready reckoner on how the states and the districts have performed on financial inclusion. It measures achievements on basically … Continue reading →

Posted in Social Issues | 1 Comment

Introspection

Posted on January 14, 2014 by SRRF

Dear Friends, We all started as Voluntary Organisation and are Registered as Public Society or Trust, as the case may be. We got NGOised in the recent three decades- thanks to World Bank. It is true that most of US … Continue reading →

Posted in General | 11 Comments

Use of FC funds for radio stations

Posted on January 10, 2014 by SRRF

Dear Members, Request you to kindly enlighten me on whether radio stations can avail FC funds?  Also can FC funds be used to open and operate FM/Radio i stations by NGOs? Your prompt reply will be highly appreciated. Regards Raphael … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Relief by courts against cancellation of S.12 A and S.80(G)

Posted on January 7, 2014 by SRRF

Cancellation of S.12 A registration As tax authorities are more and more resorting to cancellation of charitable status of Trusts, a Punjab High Court decision would come as a relief. As per the decision, Income Tax authorities must record findings … Continue reading →

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Clarification on Advance FC funds to the staff

Posted on January 6, 2014 by SRRF

Dear Friends, Greetings from Hyderabad! I am writing this mail to seek clarification on the issue of advancing FC funds to the staff of the organization. These advances could be in the form of salary advance, travel advance, program advance … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

NSSO 69th Survey Results

Posted on January 1, 2014 by SRRF

NSSO has recently come out with its 69th Survey reports. Overall results indicate better picture than the last time round. A few Key results : Urban slums have come down significantly – by almost 32% (from 49000 in 2009 to … Continue reading →

Posted in General | 4 Comments