As per the notice from FCRA department dated 19.07.2016, the central government had notified that the FCRA registered organizations are required to update their bank accounts details (Designated Account and Utilization Account) by filling the required information in form FC-6 latest by 31st August, 2016. In continuation to the above requirement, the department through itsRead More
The Finance Act 2016 includes new sections such as 115 TD, 115 TE & 115 TF that provide for taxation of ‘accreted income’. These changes for NGOs are far reaching as they even affect organizations whose 12 AA has been cancelled but may still have to pay tax on their trust properties. The main intention of thisRead More
The Union Budget 2017 was presented by the Honorable Finance Minister on 1st February 2017. We have done a detail analysis of the implication of the budget with respect to NPOs in a form of an ecommunique. The same is also uploaded on our website http://bit.ly/2kwKVZ0 There are few significant changes like corpus donation given toRead More
You may be aware that the FCRA registration of 11,319 organisations have been deemed to be ceased since they have failed to apply for the renewal within the prescribed time limit. However the FCRA department is providing another opportunity to such organisations. They can apply for renewal latest by 28th February’17 providing sufficient grounds forRead More
With demonetization of Rs. 500/- and Rs. 1000/- currency notes, we have been flooded with queries about amount already withdrawn from FCRA designated or utilization bank account in such currencies. In our opinion out of abundant caution, the NGOs are advised to deposit this amount in FCRA designated bank account only irrespective of whether theRead More
After the list of 1736 NGOs whose application were closed due to non submission or deficiency of documents. Today MHA has come out with a list of 11319 NGOs whose FCRA registration was valid till 31/10/2016 and have not applied renewal by 30/06/2016. Their validity of registration deemed expired from 01/11/2016 To view the listRead More
You are already aware that this is the time for FCRA Renewal. Many organisations have renewed their FCRA for the next 5 years now. Today FCRA department has issued a notice (Copy attached) regarding the applications which were closed due to non submission or deficiency of documents. There are 1736 cases in total. KindlyRead More
The much awaited formal notification for extension of due date for submission of annual returns for ‘Public Servants’ under the Lokpal and Lokayuktas Act 2013 has been notified. As per this notification, the annual returns submission date has been extended from 31st July, 2016 to 31st December, 2016. To read the complete Notification no. 526Read More
The Lok Sabha has passed a bill named “The Lokpal and Lokayuktas (Amendment) Bill, 2016”. This is to amend the Lokpal and Lokayuktas Act, 2013. Sec 44 and Sec 59 of the existing Act have been amended. Sec 44 – Sec 44 falls under Chapter XIII which is about ‘Declaration of Assets’. Sec 44 of the LokpalRead More
The FCRA Department has opened the link for online submission of annual returns under Lokpal. Click here to go to the link. Instructions for filling the forms are given below: (also given in the FCRA website) An applicant should download the returns form. Applicant Means:- “any person who is or has been a director, manager, secretary orRead More
