Foreign contribution
This query is : Resolved
amit.kulkarni
(Querist)
21 February 2013
hello
a trust based in india wants to receive foreign donations. what permissions r required under d income tax act ?
thanks in advance
a trust based in india wants to receive foreign donations. what permissions r required under d income tax act ?
thanks in advance
Soumitra Basu
(Expert)
22 February 2013
For getting permission to receive foreign donation you shall have to get permission from Ministry of Home Affairs as per Foreign Contribution and Regulation Act.
amit.kulkarni
(Querist)
22 February 2013
Thank u mr. Basu. Is there some other way thru cbdt approval till required steps r undertaken under fcra ?
Soumitra Basu
(Expert)
24 February 2013
You have to apply to Chief Commissioner of Income Tax for getting registration under section 12A so that you get the exemption on all of your donation received.
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