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The Central Government has amended the Foreign Contribution (Regulation) Rules, 2011 to allow associations to carry forward unspent allowable administrative expenses to the succeeding financial year with reasons mentioned in Form FC-4. Form FC-4 has been amended to include details for carrying forward unspent administrative expenses and certificate from Chartered Accountant regarding violations of FCRA, 2010. The amendments aim to provide flexibility in utilization of administrative expenses by associations and enhance compliance monitoring.
The Central Government has amended the Foreign Contribution (Regulation) Rules, 2011 to allow associations to carry forward unspent allowable administrative expenses to the succeeding financial year with reasons mentioned in Form FC-4. Form FC-4 has been amended to include details for carrying forward unspent administrative expenses and certificate from Chartered Accountant regarding violations of FCRA, 2010. The amendments aim to provide flexibility in utilization of administrative expenses by associations and enhance compliance monitoring.
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