.png){kind=logo}
.svg)
14+ Years of Experience
The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
Read MoreFCRA Annual Return - Overview
The FCRA Annual Return is a crucial document mandated by the Foreign Contribution (Regulation) Act (FCRA) in India. This return must be filed annually by registered entities to comply with FCRA regulations. It details all foreign contributions received, utilized, and carried over during the financial year. Filing the FCRA Annual Return using Form FC-4 includes the following key components:
Details of Foreign Contributions: Information about donors, amounts received, and purposes of the contributions.
Utilization of Contributions: Breakdown of expenses, projects funded, and beneficiaries.
Carryover Amounts: Reporting of any unutilized foreign contributions..
Auditors' Report: Verification of the accuracy of the return by a qualified auditor.
Importance of FCRA Annual Return Filing
Filing the FCRA Annual Return is essential for several reasons:
Compliance:Adhering to FCRA regulations helps avoid penalties, suspension, or cancellation of registration.
Transparency: Promotes accountability by documenting the management of foreign funding in public records.
Maintaining Registration: Crucial for organizations to continue receiving foreign contributions.
Access to Benefits: Certain government schemes and funding opportunities are available only to organizations that file their returns.
By fulfilling these requirements, organizations can prevent legal complications and maintain proper oversight of their foreign funding.
Who Must File FCRA Annual Returns?
The following entities are required to file an FCRA Annual Return:
Registered Foreign Contribution Recipients (FCRs): Any organization or person registered under the FCRA to receive foreign contributions.
Non-Governmental Organizations (NGOs):NGOs registered under FCRA to accept foreign funds for their operations.
Associations:Non-profit associations or groups that receive foreign contributions.
Charitable Trusts: Charitable trusts registered to receive foreign donations.
Foreign Companies Operating in India: Foreign firms with a business presence in India that receive foreign contributions.
