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What Is FCRA Registration ?
FCRA Registration is regulated by Foreign Contribution Regulation Act . By getting your NGO enrolled under FCRA scheme , you will be able to avail tax exemption for the deposit of money in your account by foreign national or institutes . Additinally it also faciliates foreign national or institutes . Get your NGO registered under FCRA today
FCRA Registration In India
Sometime foreign national tend to donate in your indian NGO due to various tax exemption .
The act made its debut in 2010. The main aim was to monitor the foreign contributions coming into Indian trusts, NGOs and other section 8 companies. However, the question persists: why do you need this act? There are three reasons for the same:
1.Foreign contribution requires thorough assessment. As a result of constantly swaying foreign exchange rate, it’s tough to find out the amount of money contributed by an individual organization. FCRA's objective is to make the same easier.
2.Unregulated foreign donations can exploit domestic industries in many ways. This can endanger the socio-economical and political base of the country. FCRA by monitoring uncovers the intention behind the flow of foreign contribution and checks its misuse.
3.For the sake of finding out the purpose and the depth of Foreign contribution, FCRA registration empowers the Reserve bank of India to perform refined auditing to get accurate details.
The act made its debut in 2010. The main aim was to monitor the foreign contributions coming into Indian trusts, NGOs and other section 8 companies. However, the question persists: why do you need this act? There are three reasons for the same:
1.Foreign contribution requires thorough assessment. As a result of constantly swaying foreign exchange rate, it’s tough to find out the amount of money contributed by an individual organization. FCRA's objective is to make the same easier.
2.Unregulated foreign donations can exploit domestic industries in many ways. This can endanger the socio-economical and political base of the country. FCRA by monitoring uncovers the intention behind the flow of foreign contribution and checks its misuse.
3.For the sake of finding out the purpose and the depth of Foreign contribution, FCRA registration empowers the Reserve bank of India to perform refined auditing to get accurate details.
FAQ
Common List Of Questioner That Our Customer Ask From Us -Solved !
Who all require FCRA Registration?
1.Any trust, NGO or section 8 Company who wants foreign donations.
2.Any such trust that have incurred a cost of over INR 10,00,000/- on its projects.
2.Any such trust that have incurred a cost of over INR 10,00,000/- on its projects.
What is process involved in FCRA registration ?
Collect documents:
1. Fill up and self-attest these documents to fill FCRA online registration form.
2.Certificate of incorporation of the section 8 company/trust deed of the Trust
3.Memorandum of Association/ Articles of Association
4.A report mapping the NGO exercises for the past three years.
5.Audited copies of financial statements for the past three years.
Start the online process: After collecting and assessing documents given above, visit the website to initiate the process of registration:
-Visit the FCRA portal
-Click on FCRA registration online
-Register at the website itself
-Fill all the required particulars
After the same you will receive User ID and Password. This will assist you to evaluate the FCRA application status online once you file the application. -Login to the portal with the IDs of yours.
-Then select the option I am applying for and choose FCRA from the drop down menu.
-Continue with registration method
-Fill the particulars in the prescribed order
-Upload the documents.
-Confirm the submission.
-Make the necessary FCRA registration fees.
1. Fill up and self-attest these documents to fill FCRA online registration form.
2.Certificate of incorporation of the section 8 company/trust deed of the Trust
3.Memorandum of Association/ Articles of Association
4.A report mapping the NGO exercises for the past three years.
5.Audited copies of financial statements for the past three years.
Start the online process: After collecting and assessing documents given above, visit the website to initiate the process of registration:
-Visit the FCRA portal
-Click on FCRA registration online
-Register at the website itself
-Fill all the required particulars
After the same you will receive User ID and Password. This will assist you to evaluate the FCRA application status online once you file the application. -Login to the portal with the IDs of yours.
-Then select the option I am applying for and choose FCRA from the drop down menu.
-Continue with registration method
-Fill the particulars in the prescribed order
-Upload the documents.
-Confirm the submission.
-Make the necessary FCRA registration fees.
