Donation from nri account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 November 2015
A charitable trust 12a, is planning to collect donations for the welfare of deceased NRI's families in India, whether the trust can accept NRI cheques towards this fund, provided the trust doesn't have FCRA. Can anybody clear my doubt.
Amol S Joglekar
(Expert)
13 November 2015
Is NRI cheque drawn in currency other than INR?
if yes, the permission is generally granted and hence BANKs being authorised dealers; credit the proceeds in your account.
if no, then since it is in INR no any permission as such is required.
if yes, the permission is generally granted and hence BANKs being authorised dealers; credit the proceeds in your account.
if no, then since it is in INR no any permission as such is required.
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