Receipt of fund from non resident by a trust
This query is : Resolved
23 July 2018
Dear all
There is a charitable trust in Kerala promoting education is intended to accept some funds for its working. A non resident is willing to deposit an amount to the trust.
Please let me know the procedures required to complete if the receipt is in other than Indian Rupee. Also please enlight whether there any compliance required if the receipt is in Indian Rupee itself.
Thanks all for the valuable time and support in advance.
There is a charitable trust in Kerala promoting education is intended to accept some funds for its working. A non resident is willing to deposit an amount to the trust.
Please let me know the procedures required to complete if the receipt is in other than Indian Rupee. Also please enlight whether there any compliance required if the receipt is in Indian Rupee itself.
Thanks all for the valuable time and support in advance.
CA R SEETHARAMAN
(Expert)
23 July 2018
Non resident Indian no formalities you can accept donations. In case of foreign citizen FCRA registration and rules to be followed before accepting donations.
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