Dear dialogue members,
It is reported that all Religious and Charitable Institutions which are hitherto exempted from coverage of EPF are now covered under EPF provisions w.e.f. 01.04.2015. Can anybody through light on this please.
Regards,
Sridharha
Dear Members,
We have received grant Rs.10 Lacs in 28th August 2015 from foreign source for a specific project and deposited in FCRA account. The said amount is not inclusive of service tax.
Q.1 What amount to be deposited? Is it direct 14% of Rs.10 Lacs ?
Q.2 When to be deposited?
Q.3 Is service tax deposited from FCRA account?
Q.4 How we will intimate the donor?
Q.5 What should be the utilization amount shown to donor i.e., (10lacs-service tax) or (10 lacs).
Please advice.
Ashok Mishra
SNS Foundation
Dear Sir,
We are running a clinic and for this we have purchased equipment out of FC grant. Day to day running cost of clinic i.e., Rent, elect charges, water charges, payment to sweeper and salary payment to staff is is also made out of FC grant.
We are charging a nominal amount of Rs. 30/- towards registration fee from the patients. We are also selling medicines ( at no profit) and other related items ( at no profit) to the patients and for this we are issuing receipt to the patients. In the receipt instead of mentioning it as registration fee and sale of medicine we are showing it as receipt from community contribution. Here I would like to mention that the medicines which we are selling is purchased out of the money received from patients on account of Community contribution and not from FC grant
My question is:
Do we need to deposit the registration fee and cost of medicine received from the patient in FC designated bank account ?
Do we need to issue receipt in the name of registration fee and sale of medicine / Spectacle instead of showing it as community contribution ?
Do we have to mention sales tax number / vat in case if we issue receipt showing it as sale of medicine / specs etc.
Thanks
Astha Clinic
HI,
I am working in an Indian NGO and we are getting grants from our USA based funding agency. As a general practice we are booking expenses in our books of accounts. However under certain case for ex. salary of some staff members based in India we are booking their salary expenses in to our USA based cost centre wherein salary is being paid by us in India. These expenses are not being reflected in our books of accounts. I would like to know whether the above practice is allowed as per the FC or IT act
With best regards
Sweety
Deemed provision under S.12AA is not automatic and would need to be followed with a writ
Recently Allahabad High Court (Full Bench) has ruled that non-disposal of an application for registration before the expiry of six months as provided u/s 12AA (2) would not result in deemed grant of registration.
Assessee would need to file a Writ to compel CIT to consider application. [CIT vs Muzaffar Nagar Development Authority [2015-ITRV-HC-ALL-144]].
Consistent surpluses without adequate expenditure could loose non-profit status of an entity
In another case, taking a hard view on super hospitals operating under charitable provisions, the Bombay High Court has held that an institution consistently generating surplus which is utilized to procure assets, spending meager amount on treatment of poor patients is not existing solely for charitable purpose.
Even if exemptions have been granted in past (in this case under S. 10(23C)(via) this cannot mean that it can continue in future too. [M/s Yash Society vs CCIT [2015-ITRV-HC-BOM-145]]
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Socio Research & Reform Foundation (NGO)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
e-mail: socio-research@sma.net.in
Can i received FCRA fund from individual foreigner for training/seminar fees and deposit in FC Bank account
Regards
Manish
Indore
Dear Friends,
Our Intellectuals are a strange lot. They never made enough noise, if any / at all, about thousands of deaths of pedestrians and others every year. They are worried about the rarest of rare capital punishments.
Capital punishment in rarest of rare cases is not for deterrence. It is just to punish the murderer / terrorist /rapist. Discussing the deterrent potential or otherwise of capital punishment is not correct.
Many Countries which have abolished capital punishment waged / supported many unjust wars. Some of them sell weapons of mass destruction !
It is enough if India provides world class pedestrian infrastructure and health care to prevent lakhs of deaths every year.
Udayashankar
Could anyone guide us for government requirement and taxes involved in organising a musical event to raise fund.
Early response will be appreciated.
COLOMBOWALA
Dear SRRF Dialogue Member,
Greetings from SRRF!!!
FCRA Department has become quite active as we all know. Now it has asked all FCRA registered associations to provide various details online. Please go to the link following http://fcraonline.nic.in/ to access the registration screen and update details as requested. These details mainly cover address, chief functionary mobile, email id, designated bank account and utilization account details.
There is an option to review this data even after saving the information, but do not press submit button till you are sure. For Instructions click here.
Click here for related circular
MOST IMPORTANT : These details have to be provided within next 15 days.
Regards
Ramanuj Maurya
Coordinator
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Socio Research & Reform Foundation (NGO)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
e-mail: socio-research@sma.net.in; website: http://www.srr-foundation.org
Dear SRRF,
Can an american citizen with an OCI card, previously called PIO, be a member of the governing body, and be a signatory of a society having FCRA.
Thanks,
Freddy Martin
Associate Director
Asha Society
Ekta Vihar ,R.K.Puram,Sector 6.New Delhi-22
