Foreign receipt

This query is : Resolved

rajesh (Querist)
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21 April 2015 Dear All,
One of the trustee of the trust is going to provide consultancy services to a foreign university but the condition of the foreign university is that services must be provided in individual capacity and not in capacity of trustee of trust. So trustee has decided to provide service in individual capacity and transfer remittance received from foreign university to Trust’s FCRA account.
So is it ok to do the same from the Income Tax and FCRA angle?
Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 April 2015 If you provide service in your individual capacity and receive money it is taxable in your hands.
Only the foreign university can transfer funds to FCRA a/c of Trust as donation.