DevelopAid Foundation is a sec. 8 not-for-profit company (CIN: U74999DL2016NPL309078), with a mission of enhancing public trust, accountability, financial literacy, governance, and understanding of relevant laws and regulations among philanthropic organisations and social enterprises in India.
@by2kaafi 1. Not always. Platforms aren’t hard-nosed about donor credentials as amounts are tiny. Some platforms provide donor info to NGO on request. 2. If platform is only an agent, then ultimate donor’s name must be reported. If platform is a charity, then giving charity name is ok.Read More
Also, if the individual or group raising funds doesn’t have tax exemption, they might be treated as an AOP end up paying income tax on the entire amount raised.Read More
Just to clarify - FCRA applies to individuals & unregistered groups also if they have a definite program & are raising or accepting FC.Read More
What’s wrong with these platforms? Most of them: 1. Don’t check/mention whether campaigner has licence to accept FC 2. Don’t check nationality or track FC & non-FC streams separately 3. Make donor responsible for compliance 4. Ask donor to indemnify platform for any violationRead More