AccountAid Capsules

Upto Mar’11

Table of Contents

1: Public Disclosure in USA. 9

2: Trust regulation in India. 9

3: Regulation of Charities in UK. 9

4: The Number System.. 10

5: Gratuity & NGOs. 10

6: FCRA & Gujarat Earthquake. 10

7: FCRA and the Purpose of Registration. 10

8: Last date for filing Income Tax Return. 11

9: Build-up to FCRA amendment…... 11

10: FCRA amendment round the corner?. 11

11: Last date for filing FC-3. 11

12: Foreigners on your campus?. 11

13: FC Receipts in 99-00. 12

14: Funding to BIMARU States. 12

15: Publishing your accounts. 12

16. Fund-raising by Congress. 13

17. FC and non-FC.. 13

18. FCRA items below Rs.1000. 13

19: 125% deduction from Income. 13

20: National Committee for 35AC.. 14

21: Fraud Warning for Charities. 14

22: Fellowship of the Ring…... 14

23: FC Funds from CAPART?. 14

23A: Revenue Stamp - limit 15

24: Revenue Stamp and donations. 15

25: Revenue Stamp on office advances. 15

26: The First Accounting Manual 15

27: FEMA and FCRA. 15

28: Gujarat Earthquake: FCRA relaxation upto 31-August 16

29: Consolidated TDS Certificate – Form 16A. 16

30: Advocacy and FCRA. 16

31: Consultancy contracts and FCRA. 16

32: Form FC-3 revised again. 16

33: FCRA being repealed – Curse of the Monkey’s Paw?. 17

34: Valuation of Pragati Maidan - concept of nominal pricing. 17

35: FCRA and Electronic Media. 18

36: FCRA and “organisations of a political nature” 18

37: The origins of double entry book-keeping - 1. 18

38: The origins of double entry book-keeping - 2. 18

39: Donation from Jet Airways…... 19

40: FCRA and newspapers. 19

41: Newsletter or newspaper?. 19

42: Checklist for NGO newsletters…... 20

43: Myriads of stars…... 20

44: HDFC Donation. 20

45: Teasers on Tehelka and FCRA. 21

46: Cost of publishing accounts. 21

47: Charging Depreciation. 21

48: Don’t lose your vouchers. 22

49: Disclosing donations in Indonesia. 22

50: Income Tax form 3A Changed. 22

51: Related Party Disclosure. 23

52: FCRA for Universities and Institutes. 23

53: FCRA ordinance to be issued?. 23

54: Laundering foreign contribution?. 23

55: Gujarat Earthquake – FCRA relaxation extended. 24

56: The Coolest One…... 24

57: Perquisites, Form 12BA and Form 16. 24

58: Sale of FCRA assets. 25

59: Filing FC-3 repeatedly?. 25

60: Where is the new FCRA?. 25

61: Tax Exemption for NGOs. 25

62: Dual Citizenship and FCRA. 26

63: FCRA Registration Statistics. 26

64: Foreign Contribution in 99-00. 27

65: More on the new FCRA Bill 27

66: Foreign contribution and Hawala. 27

67: Top receivers of foreign contribution. 28

68: Elections and foreign funding-1. 28

69: Elections and foreign funding-2. 28

70: Shades of FCRA in other countries. 29

71: FCRA in United Kingdom?. 30

72: Unspent funds for Gujarat Earthquake. 30

73: Or pay income tax on these…... 30

74: Reassessing the Indian donor - 1. 30

75: Reassessing the Indian donor - 2. 31

76: Shome Report – uniformity in exemptions. 31

77: Shome Report – Commercial NPOs. 32

78: Shome Report – Tax ALL NGOs?. 32

79: Shome Report – Rs.3000 crores in NGO taxes…... 32

80: Shome Report – Banish ALL Charity. 33

81: Budget 2002 – Gujarat Earthquake date to be extended. 33

82: Budget 2002 – 35CCB may end soon. 33

83: Budget 2002 – Misusing 35AC made difficult 34

84: Budget 2002 – NPOs need not publish accounts. 34

85: Budget 2002 – Spend 100% of your income. 35

86: Budget 2002 – Section 10(23) NPOS must file return. 35

87: Budget 2002 vs. Shome Committee Report 35

88: Foreign Contribution and Government Servants. 36

89: Organisations of a political nature. 36

90:  The Infamous FCRA notices of Sep-99 (part 1) 36

91:  The Infamous FCRA notices of Sep-99 (part 2) 37

92:  The Infamous FCRA notices of Sep-99 (part 3) 37

93: Budget 2002 –No grants from accumulated funds (Part 1) 38

94: Budget 2002 –No grants from accumulated funds (Part 2) 38

95: Are you using the latest FC-3?. 39

96: Rural Development and FC-3. 39

97: Tax exemption for churches in USA. 39

98: Election Candidates and FCRA. 40

99: Accumulation upto 15% allowed. 40

100: Barrett’s Believe it or not…Corruption world-wide. 40

101: The Peacemaker