Workshop On Effective Financial Management – 20th May, 2016.

A day’s Workshop on 20th May 2016 was organized at KROSS Resource Centre, Bangalore to have clarity on Income Tax / Direct Tax Code / Foreign Contribution Regulation Act / Accounting procedure to be followed as per the statutory changes proposed in the Central Budget which would come into effect from 1st June, 2016 and latest guidelines of Ministry of Finance & Ministry of Home Affairs, Government of India and specially for updating those receive foreign contribution as foreign donors have now appointed Indian Auditors for surprise visit to check the books of accounts. The Workshop was facilitated by Mr. Vittal Rao Lokare, FCA who provided the answers to the queries of the participants and remarked that we have to be transparent, responsible and accountable in our dealings.

The Workshop was attended by the Director & Accountants of Partner Dioceses, Faith based Organization, Procurators, Bursars and various participants from Non-profit Organizations from the state of Karnataka.

Mr. Clement Fernandes, Manager-Program Support welcomed the gathering and Fr. Reginald Pinto, Director, Sampada, Udupi proposed the vote of thanks.

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