Hi everyone! A new financial year brings renewed energy - with annual reports, program rollouts, funding cycles, recruitment drives, and events in full swing. Yet, behind the scenes, it also brings the critical responsibility of navigating finance, compliance, legal, and regulatory processes that form the backbone of every CSO. To
Q. What do founders usually do to show their documentation of salary? Should I create a consultancy agreement for myself as well? A. Since you are a specified person under Section 13, set up an engagement contract where the compensation should be reasonable i.e. based on your qualification, experience
Q: Can an NGO carry forward unspent admin expenses under FCRA? A: Allowable admin expenditure as defined in Rule 5 of FCR Rules for FCRA registered entities is 20% of FC RECEIPTS for the year. MHA has provided relief for non utilization of allowable administrative expenditure in a particular year
Here’s what’s new on the PATTIC forum: What happens if your FCRA wasn’t renewed? Can you still use the money in your utilisation account? Find out here. Can charitable trusts earn a surplus and still be tax-exempt? Here’s what the Delhi High Court said — and why
