Re: [IAC#RG] Information on FC Donation of Rs. 1.24 Crs in cash

THANK YOU TO ALL

JAYA VINDHYALA, PRESIDENT, PUCL,AP

16-8-913/D, MALAKPET X ROAD, HYDERABAD, AP INDIA

On Mon, Mar 31, 2014 at 9:38 PM, Sarbajit Roy <sroy.mb@gmail.com> wrote:

Dear Devinder ji

The Trust Law (will have to check if RGF is a public or a private
trust) is clear that trustees cannot misuse trust assets for personal
purposes.

As we have great many CAs and other finance professionals on this
list, they can correct me if I say it is clear that the return filed
by RGF is just a dummy return to be filed within due date, and
thereafter it will either go missing or some supplementary return will
be filed to fill in the blanks.

Consider this, no bank mentioned, no names of donor(s) mentioned, all
FCR deposits only from India, Column A (1.24 CR) and Column B (nil)
add up to rs. 2.5+ Cr. Date of transactions are 31.03.2013 so these
are probably both book entries to cover up missing funds.  Now RGF
will be screwed if somebody asks MHA for the bank transaction details.

Sarbajit


On 3/31/14, devinder.thakur@btopenworld.com
<devinder.thakur@btopenworld.com> wrote:
> If the money has come into the trust for disbursement of outstanding
> expenses, incurred essentially for the and on behalf of the trust, why
> should the amount appear in any one's personal account or  why should it
> reflect as his/her income or asset. The trust law is very clear on this.
> Devinder
>
>
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