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FCRA Public Notice On TDS

Legal / Technical Resources
The ministry of Home Affairs (MHA) recently issued a public notice addressing critical issues related to the treatment of the Tax deducted at source (TDS) under the Foreign Contribution Regulation Act (FCRA). This notice addresses key concerns regarding income tax refunds involving both local funds and foreign contribution (FC). - Rules for handling TDS refunds involving both local and foreign contribution funds. - Guidelines on transferring funds between FCRA and non-FCRA accounts without violating section 17 of the Act. - Recommendations for accounting treatment of TDS deductions and refunds, including their reporting in Form FC-4. This update is crucial for organizations managing foreign contributions and aims to resolve ambiguities while ensuring compliance with FCRA Regulations. Click on the link to get the detailed analysis:
Language : English
Isbn :
No of pages :
Publisher : Financial Management Service Foundation
Author Information : Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma
Published Date :
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Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma

About Author

Dr. Manoj Fogla, specialises in governance, legal & finance issues related to voluntary organisations. He is consultant to various international funding agencies, voluntary organizations and corporate foundations. 

Suresh Kumar Kejriwal is working with NGO sector since last more than 22 years. He has facilitated the process of formulating guidelines for the financial management system for NGO sector.

Dr. Sanjay Patra, A seasoned professional with a demonstrated history of working in the development sector, holds a Doctor of Philosophy (Ph.D.) focused in Monitoring and Reporting of NGO projects in India – Trends and Challenges.

Mr. Sandeep Sharma serves as the Executive Director at Financial Management Service Foundation. A seasoned trainer, facilitated more than 500 workshops across the globe on financial management, NPO governance and legal compliances.

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