Summary of Foundation Call on 4th Jan 2018

  • Meeting to be conducted every month instead of a week. Unless there is any urgent need.

  • What is possible?

    • We can charge for memberships nationally and internationally
    • Donations from India are allowed (no tax exemptions for donation)
    • We can sell products or services allowed in our objectives nationally and internationally
    • Chapters can charge for expenses incurred to conduct event and distribute merchandise. e.g. conference/ training
  • What is not possible?

    • Donations from outside India. Only allowed after FCRA registration
    • Tax expemption for donation under Income Tax, India. Exempt after Section 80G
  • Updates from Budget Committee, Fundraising Committee and Finance committee required to consider our limitation.

  • Meeting with CS Vijay Friday 5th Jan 2017

    • 80G and FCRA registration will be done by Prakash Hodage under guidance of CS Vijay and CA Shahade
    • We are initiating the procedure on our own to avoid any unnecessary expenses and keep the procedure clean.
  • Financial Statement December 2017 https://erpnext.org/financial-statements

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Not a big deal …but is possible to have balance and financial Aon USD as well?

The report is downloaded from ERPNext.
Can’t seem to download reports in different currencies.
Can you create a github issue on Issues · frappe/erpnext · GitHub if it already doesn’t exist?

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This is great. But do we have any milestone dates for when & where things are moving?

Though I truly appreciate the concern for reducing cost. But getting registration is a specialized subject & it involves hearing with tax authorities, it would have been much faster if we opted for outside help, instead of DIY mode.