Extension of opportunity to NGOs to apply for FCRA registration on filing of Annual Return
For non-submission of ARs for the year 2017-18 , FCRA registration of many Associations was cancelled
The Ministry of Home Affairs, in view of representations made by many such Associations vide order dated 18th March 2020, had granted onetime exemption to such Associations from to enable them to apply for registration within 60 days on the condition of submitting missing Annual Returns electronically on FCRA Portal along with the penalty.
Now, considering the lock down situation arising due to COVID-19 pandemic, the Ministry has decided that period of 60 days granted to enable the Associations/NGOs to apply for fresh registration after electronic submission of missing Annual Returns on the Portal along with the penalty has been further extended for another 60 days.
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- Mutual Funds to value physical Gold and Silver by using the polled spot prices
- SC allows simultaneous CIRP proceedings against principal debtor & corporate guarantor
- Merely because sales were declared for only one month, same cannot be treated as bogus
- ITAT deleted addition as method of accounting had been accepted in earlier years
