Ngo
This query is : Resolved
28 May 2012
In case of NGO, if the donations from foreign contributions is received, how much maximum the NGO firm can utilize for their admin expenses like salaries, travel expenses, maintenance, etc.? Is there a limit , ( example,say upto 10 % or 20% only ) for overheads of NGO firm out of donations received from foreign contribution or local fund received as donation or contribution etc.
22 June 2012
Not more than 50% of the foreign contribution shall be defrayed to meet administrative expenses of the association. What constitutes 'administrative
expenses' has been defined in Rule 5 of the Foreign Contribution
(Regulation) Rules, 2011 (FCRR, 2011)
expenses' has been defined in Rule 5 of the Foreign Contribution
(Regulation) Rules, 2011 (FCRR, 2011)
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