FCRA Return
S CRA was enacted with the primary purpose of regulating the inflow of foreign contributions and ensuring that the received foreign contributions are not utilized for illegal purposes. All Individual, Society, Section 8 Company, Trust, NGO, charitable organizations in India which receiving foreign contributions need to obtain approval under this Act.
FCRA is a consolidating act whose scope is to regulate the acceptance and utilisation of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilisation of foreign contribution or foreign hospitality for any activities detrimental to the national interest and for matters connected therewith or incidental thereto.
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Applicability of FCRA Annual Return:
1. Every person who receives foreign contribution under the Act shall submit annual report accompanied by an income and expenditure statement, receipt and payment account, and balance sheet for every financial year to the Secretary to the Government of India, Ministry of Home Affairs, New Delhi. 16.
2. A ‘NIL’ report shall be furnished even if no foreign contribution is received during a financial year.
Types of Annual Return:
Type of Return | Whom to File | Due date |
FC-4 | Every organisation which receives foreign contributions | upto 31st Decemberof every year |
