Can Local proceeds rec’d on sale of FC assets be deposited to FCRA account?‎

The issue of receiving proceeds from non-FCRA sources has always been a prickly issue, as often bankers do not allow remittances from local sources to be deposited in the FCRA bank account.

SBI has now started allowing deposit of proceeds generated from local sources in FCRA bank account, on the condition that the depositor provides a Chartered Accountant certificate to the effect that the assets in question were procured from FCRA funds.


Socio Research & Reform Foundation (NPO)                       
512 A, Deepshikha, 8 Rajendra Place,
New Delhi – 110008

Posted in FCRA, TAX, LEGAL | 1 Comment

Charity Commissioner – Maharashtra : Due Date for Annual ‎Return extended

As many of you, particularly from Maharashtra region, would be aware that each Charitable Trust / Society needs to submit their Annual Return within 15 days after 30th September. However due to Covid, Govt of Maharashtra has been extending this date, initially to 30th November and now the same has been extended to 31st December 2021.

Charity Commissioner has brought out a circular No. 591/2021, dated 26-11-2021 extending the date to 31st December 2021.


Socio Research & Reform Foundation (NPO)                       
512 A, Deepshikha, 8 Rajendra Place,
New Delhi – 110008

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12A and 80G Approval

Dear Sir,

We have received an order giving provisional certificate for 12A and 80G.

Could you please advise how long it takes to get the original certificate ?  Or, this would suffice for next 5 years.

Best,


Wikky

Posted in FCRA, TAX, LEGAL | 1 Comment

FCRA implication in paying education fees directly to Institutions

Hello

I found your website through internet.  I read many of articles and it’s give me very good knowledge.

I am living in Canada and working with few NPO here.

My question is regarding sponsoring the education from Canada. How we can directly sponsor the poor children education in India.

We have talked with few NGO in India who are running free or nominal fee based education institution. some have FCRA and some doesn’t.

Can Canadian NPO directly pay fees of student once fee letter received from institution.? Most kids are selected by us.  NPO directly wire transfer the total INR of fees to Indian institution as Fee towards XYZ kid.

Is this come under FCRA or exempt for FEE. ?

Regards

Dharmesh Patel

Posted in FCRA, TAX, LEGAL | 6 Comments

80G Donation Format

Greetings !

Is there any format issued by Income Tax or any government department for issuing 80G donation receipt. The receipt an NGO issues when a donation is received. Any particular format and what all details of donor and NGO should there.

Vikram Kanwar
Director
Human Hope Foundation

Posted in FCRA, TAX, LEGAL | 6 Comments

Will the record of the old PAN Card be transferred to the new PAN Card?

विषय :- क्या पुराने पैन कार्ड नंबर का रेकॉर्ड / नए पेन कार्ड पर शिफ्ट होगा ?

सोसाइटी का पेन कार्ड फर्म केटगरी में था जिसके चलते 12A OR 80G का रेनुवल नहीं हो रहा था उसका फ्रॉम 10a समिट नहीं हो रह था /

जिसके चलते अनेक विभागों से पत्र व्यवहार किया तब जाकर jdit सिस्टम ने एक पत्र में जानकरी दी की पैन की केटेगरी बदली नहीं जा सकती / और आप को नए पैन नुम्बर सही केटेगिरी में प्राप्त करना चाहिए और फिर नए पैन को चालू रखो और पुराने पैन को बंद कर दो ( SURRENDERED ) कर दो अपने पास अन्य कोई रस्ता नहीं है तो ऐसाही किया

परन्तु क्या पुराने पैन कार्ड का डाटा OR RECORED / नए पैन कार्ड नंबर पर SHIFTING होगा या नहीं ये जानकारी किसी के पास नहीं है

जब nsdl से नए पैन कार्ड के मधियम से पुराने पैन को SURRENDERED किया गया /

तो किसी का कहना है एस तरह PAN SURRENDERED करने से पुराना PAN CARD का RECORED और DATA NEW PAN NO से SHIFTING हो जाता है कुछ समय बाद

और किसी का कहना है एस प्रकार कुछ नहीं होता अब नया पेन कार्ड है सभी कुछ नए सिरे से करो

12A और 80 G भी नए सिरे से फ्रेश अप्लाई करो / रेनुवल न करो

विभाग का कहना है ये यूनिक केस है हमे जानकारी नहीं है / आप हाय कोर्ट चले जाओ शायद वह जानकारी और आप को अधिकार सही जानकारी देने उचित सहयोग कर सके

उचित मार्गदर्शन करे

मधुसूदन दुबे

Posted in FCRA, TAX, LEGAL | 2 Comments

Extension of the validity of FCRA registration to 31 ‎December 2021‎

We are happy to inform you all that Ministry of Home Affairs re-extended the validity of registration certificates whose registration expiring / expired during the period between 29th September 2020 and 31st December 2021 (Notice: No. II/21022/23(22)/2020-FCRA-II, Dated 30th September 2021).

The new date for all the organizations whose validity of registration falls between above period will be 31st December 2021. (click here for FCRA Notification)


Socio Research & Reform Foundation (NPO)                       
512 A, Deepshikha, 8 Rajendra Place,
New Delhi – 110008

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FC Renewal Status

Dear Sir

We had applied for the Renewal of FCRA registration on 7th May.  So far there is no update. Validity is ending in Oct.   What are the experiences of other NGOs in this regard?
What we should do?
How can I get an update?

Thanks & Regards

Rajesh Kumar
Chief Executive Officer

Posted in FCRA, TAX, LEGAL | 11 Comments

Correction in PAN Card

संस्था/सोसायटी आयकर अधिनियम 1961 की धारा 12A , 80G और FCRA-Act  के अंतर्गत पंजीकृत सोसायटी है ।
जिसका PAN No  AAQFA9119C

सोसायटी अपने  PAN Status जोकि Firm दिखता है उसमे सुधार करवाना चाहती है

जानकारी और विषय समझ की अज्ञानता के चले PAN Card बनवाने वाले ने सोसायटी के पंजीयन प्रमाण पत्र (Registration Certificate और By- Laws Of Society With Internal Rules/Regulations) देखते और जमा करते हुए भी PAN Status – Firm में टिक कर दिया होगा – जिसके चलते पैन कार्ड फर्म दिखता है /

विभाग ने भी एस विषय पर किसी प्रकार की पैन अप्रूवल दे ते  समय न आपति ली / न बाद में जानकारी दी / और सस्था के पदाधिकारियों को भी इस विषय में जानकारी नहीं थी /

बाद में  इसी समिति के PAN No  AAQFA9119C के अंतर्गत आयकर अधिनियम 1961 की धारा 12A , 80G के अंतर्गत पंजीयन प्राप्त हुए  ! 

अब 10A  फ्राम नहीं भर पा रहे है वह  ऑनलाइन जमा नहीं हो पा रहा है 

मार्गदर्शन करे 

मधुसूदन दुबे 

Posted in FCRA, TAX, LEGAL | 4 Comments

‎10 more foreign donors on FCRA Watch List

A news item is doing roads on the internet that 10 international donors have been further put on Watchlist of FCRA Dept. The names includes

  • Children’s Investment Fund
  • European Climate Foundation
  • The Freedom Fund
  • Humanity United
  • Lauders (Laudes ?) Foundation
  • Legatum Fund
  • Minderoo
  • Omidyar Network India (a US based entity)
  • Stardust
  • Walk Free Foundation

Apparently these names are based on certain notification / circular (? Not clear) issued by RBI. It may be noted that in 2018 CIC had allowed a RTI activist to receive an official list of such organizations. However RBI appealed against this decision of CIC in Mumbai High Court on the ground that information that it receives from Ministry of Home is confidential and sensitive and cannot be shared on a public domain.

Thus the names in such a list, if any, at present are subject to speculation, particularly since even the donors are not intimated about such prior permission requirement, so NGOs will only come to know of such restriction, when SBI refuses to credit such funds in their FCRA bank account.

Credit: AccountAid.net


Socio Research & Reform Foundation (NPO)                       
512 A, Deepshikha, 8 Rajendra Place,
New Delhi – 110008

Posted in FCRA, TAX, LEGAL | Comments Off on ‎10 more foreign donors on FCRA Watch List