FCRA fund for seminar.

Posted on August 11, 2015 by SRRF

Can i received FCRA fund from individual foreigner for training/seminar fees and deposit in FC Bank account

Regards
Manish
Indore

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9 Responses to FCRA fund for seminar.

  1. K. Sellathurai says:
    August 20, 2015 at 6:15 am

    Dear Friend,

    FCRA funds can be received provided you are registered with the Home Ministry either permanently or after getting prior permission. You should make necessary application to the Home Ministry.

    Yours sincerely,

    K. Sellathurai

  2. manish bhatt says:
    August 18, 2015 at 10:17 am

    If Local fund deposit in fcra bank and utilized for FC Project what i do ?

  3. manish says:
    August 17, 2015 at 9:14 am

    1.Can we invest FCRA fund with bank’s other than designated bank
    2.FCRA Fund received show in organisation website ?

    • Subhash Mittal says:
      August 26, 2015 at 9:51 am

      1. Yes.
      2. If your total FC is Rs 1 crore or more than disclose a summary of total receipts & utilisation. This has to be there at least for one year.

      There was a draft rule proposed, that all FCs would need to be disclosed on websites, however till date final rules have not been released, so above position as mentioned under 2 stands.

  4. manish says:
    August 14, 2015 at 6:17 am

    thank you sir

  5. Subhash Mittal says:
    August 12, 2015 at 9:20 am

    Dear Manish,

    Any fee received for seminars / conferences from foreign participants is exempt from FCRA (see Explanation under Foreign Contribution under S. 2 (h). This has also been explained under FAQs. So you can accept fee for seminar / conference from any person including a foreigner. You should not deposit this amount in FCRA A/c, since it is not FCRA money.

    • wikky katyal says:
      August 17, 2015 at 8:54 am

      since it is a seminar fee, service tax would be applicable. What is the implication of that ?

      wikky katyal

      • Subhash Mittal says:
        August 26, 2015 at 9:12 am

        Service Tax is an independent tax and has to be seen in that context. Presently if total turnover of taxable services is less than Rs 10 lakh in a FY, Service tax will not be applicable.

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