SIGN IN SUBSCRIBE

News Update

IndiGo orders 30 Airbus A350s for long haulsFiling of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesCPGRAMS recognized as best practice in Commonwealth Secretaries of public serviceIsrael-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical InvestigationsI-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
Foreign funding to NGOs: Over Rs 58K Crore received in 3 yrs

By TIOL News Service

NEW DELHI, SEPT 16, 2020: Details of the Foreign Contribution (FC) received and utilized by the associations registered under the Foreign Contribution Regulation Act (FCRA) during the last three years are as under:- 

 

 

 

Year

Total FC received including interest on FC (Rupees in Cr.)

Total FC utilized

2016-17

18337.66

The details of Utilized FC by the FCRA registered associations are available online in Annual Returns of respective Association on the FCRA Portal of MHA www.fcraonline.nic.in. 

2017-18

19764.64

2018-19

20011.21

It may be noted that FCRA registered Associations are required to file their Annual Returns by 31 st December on completion of each financial year.  For Financial Year 2019-20 the last date for filing Annual Return is 31 st December 2020.

The Registration and Prior permission under The Foreign Contribution Regulation Act, 2010 is granted to associations/NGOs for five types of programmes i.e religious, social, economic, educational or cultural, as mandated under section 11 of the Act. The associations granted registration or prior permission have to mandatorily submit online the receipt and utilization of FC received by them.

The details of utilization of FC received and the purpose for which the FC is utilized are available online in the Annual Returns of the respective Association on the FCRA Portal www.fcraonline.nic.in. 

A monitoring unit of FCRA Wing monitors the receipt and utilization of foreign contribution. Methods of monitoring include, inter-alia, scrutiny of Annual Returns, inputs from field agencies, on the spot audit and inspection of the accounts of FCRA Associations etc. Further in the new system of FCRA monitoring all annual returns are to be filed electronically. The Bank accounts of the FCRA registered associations have also been linked to the Public Financial Management System (PFMS) for better monitoring of flow of funds.

This was stated by the Minister of State for Home Affairs, Mr Nityanand Rai in a written reply to question in the Lok Sabha yesterday.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST