DONATION RECEIVED FROM NEPAL

IS THERE ANY SPECIAL PERMISSION THAT IS REQUIRED TO RECEIVE DONATIONS IN INR FROM NEPAL FOR A TRUST REGISTERED U/S 12A OF INCOME TAX ACT, 1961???

Replies (3)
Quick Summary
This discussion addresses the requirements for a trust registered under Section 12A of the Income Tax Act, 1961, to receive donations in Indian Rupees (INR) from Nepal. It clarifies that prior permission from the Central Government is generally necessary, unless the trust is registered under the Foreign Contribution Regulation Act (FCRA). If FCRA registered, donations up to a prescribed limit can be received without explicit permission, provided FCRA provisions are met. Additionally, RBI conditions must be adhered to.

If you received donation from foreign or in inr then you have to take prior permission from central government and if you registered under Foreign currency contribution act then you can receive such amount without permission upto the prescribed amount. You have to maintain all the provisions of FCRA Act
Apart from tax provisions, Donee has to comply with RBI conditions.
Yes special permission is required.
Same as sourav

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