FC-4 Filing: Should Closing Balance Match Bank Balance on 31st March?

FCRA & FCRR
1

Hi …want to know abt FC 4 filling, pls correct me if I am wrong

Total balance after utilisation ( in point no. 3 (a) should match with actual bank bal at the end of the year i.e 31st March ?

Means whatever amt we show as balance after utilising is nothing but the bal of unutilised FC at the end of the year( point no. 4 of FC-4)

2

Total FC in point 2(d)-Total Utilization in point 3d i.e. (a+b+c)=Unutilised FC to be reported in point 4 in FC4.

CS Sharad Bhargava