Fcra
This query is : Resolved
20 May 2014
Dear all, one of my client, an NGO has been receiving foreign donation for the past 10 years now, through wire transfer, without FCRA Registration. Neither their bank nor their CA had ever told them about. However, last month they have been told by their bank to get one. I have already done the application.
Now my query is that what would be the consequences of receiving those Foreign Donation for all those years. During the Home Ministry inspection by IB, would it pose a problem in getting the registration? What should I do about it?
Now my query is that what would be the consequences of receiving those Foreign Donation for all those years. During the Home Ministry inspection by IB, would it pose a problem in getting the registration? What should I do about it?
20 May 2014
it can definitely cause problem given that FCRA cases are very closely monitored by IB and also reviewed by CA&G later on.
21 May 2014
Thank you for your reply. Could you please advise me that how should I go about now?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Taxation on Old jewellery sold
- Itr processing refund
- Multiple payment of self assessment tax for A Y 2025-2026
- Error in uploading Form 10BD
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
