Patnaconsultants provides FCRA registration services, FCRA return filing services, FCRA compliance services in Patna Bihar. FCRA registration is getting permission from Government of India on Foreign Contribution. FCRA Act, manage receipt of foreign contribution. We will give you all important information about FCRA in this article in brief.
Trust, society, section 8 companies receives funds or donation from outside India. They required to obtained FCRA registration. FCRA registration means registration under regulation of foreign contribution Regulation Act. For FCRA registration NGO (nonprofit organization) must have existence of at least 3 years while making of FCRA registration application. For specific purpose like educational, social, cultural etc foreign contribution granted. Trust or Society or Section 8 companies should not received any foreign contribution without prior approval of Central Government. Organization should maintain all books of accounts and statement of income and expenditure. Books duly audited by Charted Accountants.
Advantage of FCRA Registration
- Income of the Registered Nonprofit Organization get income tax rebate.
- Donor can claim exemption.
- Providing benefit in taking grants from Government or Abroad.
- Compliance with FCRA act
- Providing freedom from non compliance of this Act.
- Providing security in foreign contribution.
- Saving from penalties of FCRA act.
How to get FCRA Registration
- Documents preparation.
- Online filing of FCRA registration.
- Certificate issued by Department.
Documents Required for FCRA Registration:
- Copy of registration certificate or deed of Trust / Society /Section 8 Company.
- Copy of audited accounts statements of last 3 years.
- Copy of Bank statements.
- Pan Card of organization.
- Details of all members of the organization.
FCRA registration is fully based on online process. Business entities should spend at least Rs. 10, 00,000 in last three years in its aims and objects. In FCRA registration business entity not found guilty in any diversion or miss utilization of funds. Organization does not violate any rules of this act. It is good for all nonprofit organization. You no need to visit our place. Send us all documents through emails. All documents should be self attested by members. We will do your work. You can pay our fee online.