AccountAid Capsules

2001-2009

Table of Contents

1: Public Disclosure in USA. 8

2: Trust regulation in India. 8

3: Regulation of Charities in UK. 8

4: The Number System.. 8

5: Gratuity & NGOs. 9

6: FCRA & Gujarat Earthquake. 9

7: FCRA and the Purpose of Registration. 9

8: Last date for filing Income Tax Return. 9

9: Build-up to FCRA amendment…... 9

10: FCRA amendment round the corner?. 10

11: Last date for filing FC-3. 10

12: Foreigners on your campus?. 10

13: FC Receipts in 99-00. 11

14: Funding to BIMARU States. 11

15: Publishing your accounts. 11

16. Fund-raising by Congress. 11

17. FC and non-FC.. 12

18. FCRA items below Rs.1000. 12

19: 125% deduction from Income. 12

20: National Committee for 35AC.. 12

21: Fraud Warning for Charities. 13

22: Fellowship of the Ring…... 13

23: FC Funds from CAPART?. 13

23A: Revenue Stamp - limit 13

24: Revenue Stamp and donations. 14

25: Revenue Stamp on office advances. 14

26: The First Accounting Manual 14

27: FEMA and FCRA. 14

28: Gujarat Earthquake: FCRA relaxation upto 31-August 14

29: Consolidated TDS Certificate – Form 16A. 14

30: Advocacy and FCRA. 15

31: Consultancy contracts and FCRA. 15

32: Form FC-3 revised again. 15

33: FCRA being repealed – Curse of the Monkey’s Paw?. 16

34: Valuation of Pragati Maidan - concept of nominal pricing. 16

35: FCRA and Electronic Media. 16

36: FCRA and “organisations of a political nature” 17

37: The origins of double entry book-keeping - 1. 17

38: The origins of double entry book-keeping - 2. 17

39: Donation from Jet Airways…... 17

40: FCRA and newspapers. 18

41: Newsletter or newspaper?. 18

42: Checklist for NGO newsletters…... 18

43: Myriads of stars…... 19

44: HDFC Donation. 19

45: Teasers on Tehelka and FCRA. 19

46: Cost of publishing accounts. 20

47: Charging Depreciation. 20

48: Don’t lose your vouchers. 20

49: Disclosing donations in Indonesia. 21

50: Income Tax form 3A Changed. 21

51: Related Party Disclosure. 21

52: FCRA for Universities and Institutes. 22

53: FCRA ordinance to be issued?. 22

54: Laundering foreign contribution?. 22

55: Gujarat Earthquake – FCRA relaxation extended. 23

56: The Coolest One…... 23

57: Perquisites, Form 12BA and Form 16. 23

58: Sale of FCRA assets. 23

59: Filing FC-3 repeatedly?. 24

60: Where is the new FCRA?. 24

61: Tax Exemption for NGOs. 24

62: Dual Citizenship and FCRA. 25

63: FCRA Registration Statistics. 25

64: Foreign Contribution in 99-00. 25

65: More on the new FCRA Bill 26

66: Foreign contribution and Hawala. 26

67: Top receivers of foreign contribution. 26

68: Elections and foreign funding-1. 27

69: Elections and foreign funding-2. 27

70: Shades of FCRA in other countries. 27

71: FCRA in United Kingdom?. 28

72: Unspent funds for Gujarat Earthquake. 29

73: Or pay income tax on these…... 29

74: Reassessing the Indian donor - 1. 29

75: Reassessing the Indian donor - 2. 29

76: Shome Report – uniformity in exemptions. 30

77: Shome Report – Commercial NPOs. 30

78: Shome Report – Tax ALL NGOs?. 31

79: Shome Report – Rs.3000 crores in NGO taxes…... 31

80: Shome Report – Banish ALL Charity. 31

81: Budget 2002 – Gujarat Earthquake date to be extended. 32

82: Budget 2002 – 35CCB may end soon. 32

83: Budget 2002 – Misusing 35AC made difficult 33

84: Budget 2002 – NPOs need not publish accounts. 33

85: Budget 2002 – Spend 100% of your income. 33

86: Budget 2002 – Section 10(23) NPOS must file return. 34

87: Budget 2002 vs. Shome Committee Report 34

88: Foreign Contribution and Government Servants. 35

89: Organisations of a political nature. 35

90:  The Infamous FCRA notices of Sep-99 (part 1) 35

91:  The Infamous FCRA notices of Sep-99 (part 2) 36

92:  The Infamous FCRA notices of Sep-99 (part 3) 36

93: Budget 2002 –No grants from accumulated funds (Part 1) 36

94: Budget 2002 –No grants from accumulated funds (Part 2) 37

95: Are you using the latest FC-3?. 37

96: Rural Development and FC-3. 38

97: Tax exemption for churches in USA. 38

98: Election Candidates and FCRA. 38

99: Accumulation upto 15% allowed. 39

100: Barrett’s Believe it or not…Corruption world-wide. 39

101: The Peacemaker 40

102: Establishment Expenses and FCRA. 40

103: Local Contribution and FCRA. 40

104: FCRA flows in 2000-01. 41

105: FC-3 filed in 2000-01. 41

106: Biggest FCRA donor countries in 2000-01. 41

107: Surety Money Deposit 41

108: Biggest FCRA donors in 2000-01. 42

109: How safe are ‘account payee’ cheques?. 42

110: Biggest FCRA Receivers in 2000-01. 42

111: And now … Pyramid Charities! 43

112: Grant makers -- Switch your grants to accrual basis…NOW! 43

113: FCRA and Royalty payments - 1. 44

114: FCRA and Royalty payments - 2. 44

115: Foreign Aid through Ministry of Finance?. 44

116: Lost funds / kickback shares  / windfalls from Africa. 45

117: Bribe Payers’ Index 2002. 45

118: The World Bank’s Blacklist 46

119: Kelkar Committee – a sweeter 80G.. 47

120: Kelkar Committee – whittling down 80GGA. 47

121: Kelkar Committee – delete 10(23C) 47

122: Kelkar Committee – the grading system.. 48

123: FCRA and private companies. 48

124: FCRA and cooperatives. 49

125: FCRA and MACCS. 49

126: Charities, auditors and terrorists. 49

127: FATF Report on abuse of non-profits. 50

128: Foreign Aid through Ministry of Finance – for Govt. NGOs only!