Penalty for filing of delayed FCRA Return

Posted on July 14, 2021 by SRRF

One of our NGO has received new bank account details of SBI New Delhi after 01-07-2021 so they could not file form no. FC-4 upto 30-06-2021. Now at the time of filing the form FC-4 system asks for a penalty of Rs. 1,00,000/-or 5 % of Foreign Contributions received whichever is higher. It may be noted that it was mandatory to mention new bank details in FC-4.

Kindly advise in this regard.

Regards

Thanks

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3 Responses to Penalty for filing of delayed FCRA Return

  2. Subhash Mittal says:
    July 14, 2021 at 11:19 am

    Many organisations are facing this issue. It is likely to snowball into a major issue.

    Only two solutions are available. First you can go for revision under Section 32 (1), and if you are not successful, ultimately you will need to go to the Court for any relief.

  3. VINOD KUMAR SABHARWAL says:
    July 14, 2021 at 10:41 am

    Sir,
    One FCRA registered organization’s new account with SBI, NDMB was opened on 29.06.2021 and then they filed FC-6C on 01.07.2021 and they got the FCRA approval letter 02.07.2021.

    In the mean time they haven’t filed the annual return fc-4 for the FY 2019-20 because of unavailability of new account with SBI, NDMB and now when they are trying to file the FC-4 the FCRA portal is showing Penalty of Rs 100000 + Compounding Rs 3000 Total penalty of Rs 103000.

    My query is whether there is any remedy to save this penalty or file an appeal after making the payment of penalty.

    Thanks, waiting for your kind reply.

    VINOD KUMAR SABHARWAL

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