Fcra act

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

03 December 2014 Hello,

Please let me know the FCRA act is applicable on sponsorship fee charged in Event to Foreign parties.

Regards
Anil Sharma

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 December 2014 “Delegate/participation Fees” paid in foreign currency by foreign
delegates/participants for participation in a conference/seminar and
which is utilized for the purpose of meeting the expenditure of
hosting the conference/seminar is not treated as foreign contribution
and as such no permission under FCRA is required.

Querist : Anonymous

Querist : Anonymous (Querist)

03 December 2014 Thanks Seetharaman,

Would request you to please clarify on the Sponsorship fee charged in India Event to Foreign parties.

Regards
Anil Sharma

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 December 2014 Sponsorship fees will be in the nature of donations hence it will be covered under FCRA.

Querist : Anonymous

Querist : Anonymous (Querist)

03 December 2014 No Seetharaman,

Sponsorship fee means we provide the services "like Banner advertisement, company profile, and delegate passes.

As clarified at Explanation 3 above, foreign contribution
excludes earnings from foreign client(s) by a person in lieu of goods
sold or services rendered by it as this is a transaction of commercial
nature.

Are you agree on this.

Regards
Anil Sharma

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