Monthly Archives: February 2021

Clarification on Foreign Donation

Dear Sir/Mam, Need your guidance regarding donation from Foreign National (Foreign Passport) doing business in India and having valid PAN card and Aadhar.Does donation from this person through his/her SBI Account (India branch) be considered a Normal Donation or Foreign … Continue reading

Posted in FCRA, TAX, LEGAL | 11 Comments

Correction of Trust Name

Respected sir, I’ve registered a trust through a lawyer on 6th feb 2021 in Mathura district of Uttar Pradesh but spelling of trust name on e-stamp is wrong. I’m president of the trust and would like to correct the spelling of … Continue reading

Posted in FCRA, TAX, LEGAL | 1 Comment

Transferring funds to foreign accounts

We have the following query – Can a charitable Trust having 80G and 12AA certificates, transfer funds into a vendor’s foreign account for services rendered outside India, but for a project in India? Would it flout any conditions of the … Continue reading

Posted in FCRA, TAX, LEGAL | 1 Comment

What if FCRA Registration is not ‘Renewed’ before the ‘Expiry’ Date

There is some confusion regarding consequences of non-renewal before expiry of FCRA Registration Certificate.  Many consider that in such a scenario, concerned entity cannot receive or utilize funds. This is based on reading of Rule 12(5), which is reproduced below: … Continue reading

Posted in FCRA, TAX, LEGAL | Comments Off on What if FCRA Registration is not ‘Renewed’ before the ‘Expiry’ Date

MAJOR CHANGES IN CSR PROVISIONS

As many of you may be aware that recently new CSR rules have been brought by Ministry of Corporate Affairs. We provide below a summary of major change for your reference. Societies & Trusts allowed to implement CSR projects Draft … Continue reading

Posted in CSR | 7 Comments