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Is Indian trusts can receive donations from Non-Residents/Foreign trusts?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 preetham asked over 4 years ago

WHETHER INDIAN TRUSTS CAN RECEIVED DONATIONS FROM NON-RESIDENTS/FOREIGN DONATIONS? IF SO WHAT IS THE PROCEDURE TO RECEIVE THE SAME. I.E. WHETHER TRUST HAVE TO REGISTER UNDERA FEMA/FCMA? PL. ADVISE ON THE SAME ABOUT PROCEDURE

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4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered almost 4 years ago

Dear friend, Yes, Indian trust can receive donations from Non Residents or foreign donations. There are certain restrictions for Indian Trust to receive donation from outside India. The source of money is the important determination in applying FEMA on the recipient Indian Trust. In order to receive contribution in any kind or currency from foreign sources Indian Trust needs the approval from Indian government which is called prior permission or they have to register under FEMA

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Dimple answered over 4 years ago

Yes, there are many trusts which receive donations from non-residents/foreign donations. Prior permission from Indian Govt. or FCRA registeration would be required for the same.

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Picsjoin 2017224123730582 Archana answered over 4 years ago

Hie Preetham, Yes, Indian trust can receive donations from Non Residents or foreign donations. There are certain restrictions for Indian Trust to receive donation from outside India. The source of money is the important determination in applying Foreign Contribution Regulation Act (FCRA) of 1976 on the recipient Indian Trust. In order to receive contribution in any kind or currency from foreign sources Indian Trust needs the approval from Indian government which is called prior permission or they have to register under FCRA.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Prasanna Krishna answered over 4 years ago

Yes , Indian trusts can receive donations from Non-Residents, But separate Books of accounts have to be maintained In order to receive contribution in any kind or currency from foreign sources NGO needs the approval from Indian government which is called prior permission or they have to register under FCRA (foreign contribution regulation act)

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