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Foreign contribution

This query is : Resolved 

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

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.

22 February 2013 Thank u mr. Basu. Is there some other way thru cbdt approval till required steps r undertaken under fcra ?

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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