FCRA exemption to organisations constituted under a Central/State Act etc. getting accounts compulsorily audited by CAG / its agencies
MINISTRY OF HOME AFFAIRS
ORDER
New Delhi, the 30th January, 2020
S.O. 459(E).—Whereas the Central Government is of the opinion that it is necessary and expedient in the interest of the general public to exempt organisations (not being a political party), constituted or established by or under a Central Act or a State Act or by any administrative or executive order of the Central Government or any State Government and wholly owned by the respective Government and required to have their accounts compulsorily audited by the Comptroller and Auditor General of India (CAG) or any of the agencies of the CAG, from the operation of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010);
Now, therefore, in exercise of the powers conferred by section 50 of the Foreign Contribution (Regulation) Act, 2010 and in supersession of the Order of the Government of India in the Ministry of Home Affairs published in the Official Gazette vide number S.O. 1492(E), dated the 1st July, 2011, except as respects things done or omitted to be done before such supersession, the Central Government hereby exempts all the said organisations from the operation of all the provisions of the said Act with effect from the date of publication of this order in the Official Gazette.
[F. No. II/21022/23(37)/2019-FCRA-III]
ANIL MALIK, Addl. Secy.
Download Notification Click Here >>
- AO took a reasonable stand that 25 kg written in WhatsApp chat was 25 lakh – ITAT
- Shareholders can’t be taxed for income from properties owned by the company – HC
- Jurisdictional error in reassessment approval can’t be shielded by the law of limitation
- ITAT ought to remanded whole matter of bogus purchases instead of profit determination
- Where proceedings u/s 153C barred by limitation, AO can’t invoke section 148 & 148A
