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E-communique released on FCRA FAQ's

Jul 10, 2024 Circulars & Notifications Attachment Link

FCRA FAQ's - Analysis of the FCRA Law on Administrative Expenses

The interpretation of administrative expenses under the Foreign Contribution Regulation Act (FCRA) has been a contentious and often confusing issue. There is ambiguity regarding the definition of administrative expenses and what specifically constitutes such expenses under FCRA law. Additionally, there is uncertainty about whether the 20% threshold should be calculated based on the receipt of foreign contributions (FC) during the year or on the total FC expenditure incurred during the year.

In this discussion, we aim to clarify these issues and also outline the consequences of non-compliance with the prescribed provisions and rules of the FCRA Act

For more details, please go through this issue of Standards and Norms

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