Funds accumulated for specific purposes shall become taxable, if not applied for such purposes Attachment Link
Funds accumulated for specific purposes shall become taxable, if not applied for such purposes Attachment Link
The last date for filing Annual Return under FCRA, 2010 in Form FC-4 is 31st December. Non-compliance may face penalty, cancelation or procesuction.
Cancellation Powers of CIT under Income Tax Act
Inter-charity donations cannot be made from accumulated funds Attachment
Keeping books of Account other than registered address, then you need to inform Assessing Officer within 7 days & disclose in Form No. 10B.
Details of Assets & Properties created out of Foreign Contributions in FC-4
Validity of FCRA Registration Extended till 31st March 2024
The details of movable and immovable assets/ properties created out of FCRA funds need to be reported in FC-4