Foreign contribution asset disclosure: new Form FC 4 requirements mandate detailed movable and immovable asset reporting annually. The Amendment Rules, 2023 amend Form FC 4 by inserting two disclosure clauses: clause (ba) mandates annual tabulated reporting of movable assets created out of foreign contribution as on 31st March, showing description, opening value, acquisitions, disposals and year end balance sheet value; clause (bb) mandates annual tabulated reporting of immovable properties acquired out of foreign contribution as on 31st March, showing asset details, size, complete location and year end balance sheet value.
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Foreign contribution asset disclosure: new Form FC 4 requirements mandate detailed movable and immovable asset reporting annually.
The Amendment Rules, 2023 amend Form FC 4 by inserting two disclosure clauses: clause (ba) mandates annual tabulated reporting of movable assets created out of foreign contribution as on 31st March, showing description, opening value, acquisitions, disposals and year end balance sheet value; clause (bb) mandates annual tabulated reporting of immovable properties acquired out of foreign contribution as on 31st March, showing asset details, size, complete location and year end balance sheet value.
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