Fcra annual returns

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Querist : Anonymous

Querist : Anonymous (Querist)

11 February 2015 Is there any way to file FCRA returns for Financial Year 2013-14 after last date (i.e. 31-12-2014)...?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 February 2015 Yes you can file it now on line but penalty at 2% of amount received or Rs. 10000 which ever is higher is payable.
The Ministry of Home Affairs has issued a notification (Notification No: 939, 29/04/2013) to the organisations registered under the Foreign Contribution Regulation Act to submit their FCRA Returns on time.

Accordingly any delay in filing of Annual Return will attract penalty ranging from two to five per cent of the total foreign contribution received any NGO during the year.

The following table describes the penalties on non filing of FCRA return and officer competent for compounding:

S. No. Offences Amount of Penalty Officer competent of compounding
1. Non-furnishing of FCRA return upto 90 days after 31st December every year Penalty of 2% of the amount received during the Financial year or Rs.10,000/-, whichever is higher. The Director or Deputy Secretary in charge of the Foreign Contribution (Regulation) Act Wing of Foreigners Division in the MHA.

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Querist : Anonymous

Querist : Anonymous (Querist)

11 February 2015 Thank you Seetharaman Sir.

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