New Amendment in FCRA: Carry Forward of Unutilised Administrative Expenditure Allowed

Ministry of Home Affairs vide Official Gazette No. G.S.R. 790(E) dated 31.12.2024 (attached) has permitted carry forward of unutilised part of allowable Administrative Expenditure to succeeding financial year. This is to overcome the difficulty faced due to receipts of FC funds in a year which could not be spent, and the admin expenditure remained unutilised and was not available in subsequent year to fulfil the 20% threshold reequipment for admin expenditure based on receipts. Also, the details of CA issuing the certificate and more responsibility has been cast on the CA while issuing certificate as part of Annual Return FC-4.

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Download official notice: fc_gaz_01012025 (1)_250101_234856.pdf (2.2 MB)

Thank you!

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Thank you for the update… this is a good relief indeed !

Thank you Sharad and this amendment will be very helpful !