NGO Consultant

NGO Consultant
Odisha NGO Consultancy Services

Tuesday, October 28, 2014

Cash payments of more than Rs 20,000 prohibited by FCRA Department

FCRA Dept has come out with a Circular dated 21st October 2014, as per which that NGOs utilizing funds out of their FC Designated accounts and FCRA Utilisation Accounts must utilize these funds through account payee cheques or through demand drafts. Any payments made in cash could result in scrutiny.

Thus please bring it to notice of all NGOs that you are associated with to shun cash payments to the extent possible, but certainly no payments above Rs 20,000 should be made in cash.