Organization that are listed under the FCRA must hold separate records under the Head Office of the FC and provide prescribed templates to the Ministry with the audited report of records of previous year. Any of the companies getting the foreign donations are expected to have issued a certification from a CA.
The certificate to be issued by the CA and is offered in the form FC-6. Along with this document, Revenue and Expense statement and the collection, the audited Balance sheet and payment account statement, together with the verification and certification approved by the Chief Functionary, shall also be issued.
For each year the return is to be submitted (1st April to 31st March) that is within 9 months of the end of the year, that is by 31st December each year. The filling of a ‘0’ refund, even if none of the international donation is obtained/ used all over the year, is mandatory. The report will be issued in the specific form FC-6 consequently followed by the balance sheet and revenue and expenditure statement approved by the chartered accountant. On the basis of the suitable receipts and accounts, the chartered accountant is projected to report the following:
(i) Information of the donors
(ii) Amount received
(iii) The date of receipt.
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