FAQS ON FCRA REGISTRATION Does FCRA regulated by the Reserve Bank of India? FCRA is an integral legislation, thus the same is not regulated by RBI. FCRA regulations are undertaken by the Ministry of Home Affairs, Government of India. Does FEMA apply to contribution received by the Indian NGOs? It is to be noted that …
Online FCRA Registration Process, Documentation, Eligibility BRIEF INTRODCUTION NGO is a non-governmental organization which is a non-profit group perceived to be a body of individuals or an association of persons. Such entity serves as the community or society, for overcoming the social or political aspect or problem. They operate outside the government control and is …
BRIEF INTRODUCTION The Foreign Contribution Regulation Act (FCRA), 2010, commenced from May 1, 2011, to monitor, control, and regulate international contributions that were being received by the persons residing in India. As per the provisions of the FCRA Act, FCRA registration mandatory if any registered trust, society, agency, organization, or NGOs, who want to receive …
FCRA CERTIFICATE RENEWAL The certificate issued under the FCRA registration is valid for a period of up to 5 years starting from the date of granting of registration. In the earlier law, such a certificate was permanent in nature, but due to increasing cases of manipulation and fraud, FCRA, 2010 provided that such certificate be …
EXEMPTION UNDER SEC. 54 F COULD NOT BE DENIED MERELY BECAUSE THE CONSTRUCTION OF HOUSE WAS NOT COMPLETE IN ALL RESPECTS WITHIN 3 YEARS OF TRANSFER CIT(Bangalore) v. Smt. B.S. Shantha kumari Where assessee had invested net sale consideration on transfer of long-term asset in construction of a residential house property, deduction of section 54F could not be denied …
AO couldn’t question reasonableness of business exp. when its genuineness wasn’t doubted. Where assessee made payment of compensation to CCL, a foreign company, for premature termination of Toll Manufacturing Agreement (TMA) entered into between parties, said payment being directly having nexus with business activity of assessee, was to be allowed as deduction under section 37(1) …
Managerial Remuneration in a Company -2 [SCHEDULE XIII] (See section 198, 269, 310 and 311) [SCHEDULE XIII] (See section 198, 269, 310 and 311) Condition to be fulfilled for the appointment of a managing or whole-time director or a manager with out the approval of the Central Government [PART I] Appointments No person shall be eligible …