Accounting and Presence
Financial System of the Council
The efforts of the Council have always been to have a sound financial system so that the money, contributed by the donors is fully accounted for and utilized for the purpose for which it is contributed. With this end in view the Council has been maintaining regular Accounts, which are audited by a Chartered Accountant firm, as per the provisions of the Income Tax Act and return are filed with the Income Tax Department every year. For Receipt and Payment accounts since 1984-85 please click here.
As required under the Foreign Contribution (Regulation) Act, 1976, the Council maintains a separate Bank Account for the foreign contributions received by it. All payments in this account are made through crossed cheques/bank drafts and annual return/audited accounts are submitted to the Government of India.