Money transfer from usa

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This query is : Resolved

Shadow (Querist)

11 July 2015 Dear friends, im helping an NGO from last few months . which sales some articles we have some client in usa who want to give order to us . i just want to know how much maximum amount can we as an NGO can received from usa without any other tax compliance . plz help.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

11 July 2015 No limitation if it is against sale of articles. Donations from USA can be received with out any limit provided it is registered with FCRA (Foreign contribution Regulation Act) and complying with the requirements.

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Rupesh Jain

Rupesh Jain (Expert)

11 July 2015 you can received amount agst sales of goods, there is no limit for that.

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Shadow

Shadow (Querist)

11 July 2015 Friends we are not having FCRA no yet and our Turnover is less then 5Lakh.
Can we received 1Lakh rupess in someone saving accounts ????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

11 July 2015 If the donor is Indian passport holder FCRA registration is not required. If you receive the amount from foreign passport holder reciving the amount in savings ac is an offence.

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Shadow

Shadow (Querist)

11 July 2015 Dear Seetharaman,

The donor is foreign passport can we chat on Gmail for this issue ??

Diwakarpaswan@gmail.com is my email id.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

11 July 2015 Yes sent you a mail.

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