FCRA obligations for receiving Funds for Cancer Treatment by individual patient from foreign source

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Retired
36 Points Posted on 15 June 2021

My son is 4 stage Cancer patient and had appealed to well Wishers in forign country for donation for his treatment. They are ready to send more than Rs.1 lakh individually.

Can my son receive foreign contribution. Is there obligation/permission required from Govt. /RBI.

Is there obligation of bank receiving fund. Should he open special Savings Bank account. 

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On 15 June 2021 at 20:10 Report
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Chartered Accountant
16188 Points Posted on 16 June 2021
Open an Special Account for receiving foreign income in SBI and Receive funds under liberalised remittance scheme under RBI act
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On 16 June 2021 at 09:06

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