1. IIT Delhi clarifies, institutions set up by Act of Parliament exempt from filing returns

IIT Delhi clarifies, institutions set up by Act of Parliament exempt from filing returns

All the higher education institutions set up by an Act of Parliament are exempted from filing an annual statement of returns on foreign contribution, The Indian Institute of Technology (IIT), Delhi clarified on Friday.

By: | Published: September 16, 2017 12:12 PM
IIT delhi, IIT, Act of Parliament,filing returns, foreign funds, Indian Council of Agricultural Research IIT Delhi came up with the clarification at a time when Ministry of Home Affairs (MHA) is barring various educational institutions including prominent organisations ones like Jawahar Lal Nehru University, Delhi University and the Indian Council of Agricultural Research from receiving foreign funds. (PTI)

All the higher education institutions set up by an Act of Parliament are exempted from filing an annual statement of returns on foreign contribution, The Indian Institute of Technology (IIT), Delhi clarified on Friday. IIT Delhi came up with the clarification at a time when Ministry of Home Affairs (MHA) is barring various educational institutions including prominent organisations ones like Jawahar Lal Nehru University, Delhi University and the Indian Council of Agricultural Research from receiving foreign funds.

The registration was cancelled by MHA under the Foreign Contribution Regulation Act, 2010 (FCRA) since they failed to file the annual returns for five years. An organisation or institution can only receive foreign funds if it is registered under FCRA. It is also mandatory for them to submit their annual income as well as expenditure to the government. IIT Delhi on Friday issuing a statement following MHA’s move said, ” “As you are aware that the Statutory Bodies created or established under the Central or State Act requiring to have their accounts compulsorily audited by the Comptroller and Auditor General of India, is exempted from the operation of the provisions of the FCRA Act, 2010. This is applicable U/s (under section) 50 of the said Act.”

IIT Delhi also highlighted in the statement that for being on the safer side it is still filing the returns. The featuring in the website mostly reflects the names of an NGO and statement. It is also to mention that on above aspect, there has been no information or notice about non-filing of return or any other compliance pending,” the statement further added.

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