Q: Who Needs to Submit FCRA Quarterly Return?

Organisations registered under the Foreign Contribution (Regulation) Act (FCRA) and receiving foreign contributions must submit the FCRA Quarterly Return . This includes NGOs and other entities that rely on foreign funds for their operations. The quarterly return provides updates on foreign contributions received and their utilisation during the reporting period, ensuring transparency and adherence to FCRA guidelines.

Q: Is FCRA Quarterly Return Mandatory?

Yes, submitting the FCRA Quarterly Return is mandatory for all organisations registered under the FCRA. This requirement helps the government monitor foreign funding and ensures that organisations comply with the FCRA regulations . Non-submission can lead to penalties, including the suspension or cancellation of an organisation's FCRA registration .

Question 1

What is the purpose of the FCRA Annual Return?

Accepted Answer

The FCRA Annual Return provides a comprehensive report on the foreign contributions received by an organisation throughout the financial year and their usage. Its purpose is to ensure transparency and compliance with FCRA regulations, and to help the government monitor and regulate foreign funding.

Question 2

Can the FCRA Annual Return be filed offline?

Accepted Answer

No, the FCRA Annual Return must be filed online through the FCRA portal. The online filing system is designed to streamline the process and ensure accurate and timely submissions.

Question 3

What should an organisation do if it misses the FCRA Annual Return deadline?

Accepted Answer

If an organisation misses the deadline, it may face penalties and legal consequences. It should file the return as soon as possible and may need to address any late fees or compliance issues. Contacting the relevant authorities for guidance on rectifying the delay is also advisable.

Question 4

How can an organisation track the status of its FCRA Annual Return?

Accepted Answer

Organisations can track the status of their FCRA Annual Return by logging into the FCRA portal. The portal provides updates on the submission status and any pending actions required.

Question 5

What is the role of a Chartered Accountant in the FCRA Annual Return process?

Accepted Answer

A Chartered Accountant (CA) plays a critical role in ensuring the accuracy and compliance of the FCRA Annual Return. They assist in preparing the return, verifying financial details, and providing professional advice to ensure all regulations are met.

Question 6

Can changes in an organisation’s financial details affect its FCRA Annual Return filing?

Accepted Answer

Yes, significant changes in an organisation’s financial details, such as substantial increases or decreases in foreign contributions, must be accurately reflected in the FCRA Annual Return. These changes can impact compliance and reporting requirements.

Question 7

What types of foreign contributions need to be reported in the FCRA Annual Return?

Accepted Answer

All foreign contributions received by the organisation during the financial year must be reported. This includes donations, grants, and any other form of financial support from foreign sources.

Question 8

Who Needs to Submit FCRA Quarterly Return?

Accepted Answer

Organisations registered under the Foreign Contribution (Regulation) Act (FCRA) and receiving foreign contributions must submit the FCRA Quarterly Return. This includes NGOs and other entities that rely on foreign funds for their operations. The quarterly return provides updates on foreign contributions received and their utilisation during the reporting period, ensuring transparency and adherence to FCRA guidelines.

Question 9

Is FCRA Quarterly Return Mandatory?

Accepted Answer

Yes, submitting the FCRA Quarterly Return is mandatory for all organisations registered under the FCRA. This requirement helps the government monitor foreign funding and ensures that organisations comply with the FCRA regulations. Non-submission can lead to penalties, including the suspension or cancellation of an organisation's FCRA registration.

FCRA Annual Return

FAQ's on FCRA Annual Return

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