Fcra contribution
Querist : Anonymous
the querist already has a foreign contribution account.
Dear querist,
Normally it is other way around where banks flag a donation as foreign contribution and the NGO treats it otherwise. Regardless bank does has a right to question the source.
To prove your case, you need to provide the shareholding details of the company.
For your assistance, please note that money coming from a company registered in India more than one-half of the nominal value of its share capital is held, either singly or in the aggregate, by one or more of the following, namely:-
(A) the Government of a foreign country or territory;
(B) the citizens of a foreign country or territory;
(C) corporations incorporated in a foreign country or territory;
(D) trusts, societies or other associations of individuals (whether
incorporated or not), formed or registered in a foreign country or territory;
(E) foreign company;
shall be treated as foreign source.
Querist : Anonymous
very good morning and Thanking you for all,
which document we have collect from Donner to submit to Bank because of Bank people asked us proper document for proof of Donation foreign or Indian concurrence
Querist : Anonymous
very good morning and Thanking you for all,
which document we have collect from Donner to submit to Bank because of Bank people asked us proper document for proof of Donation foreign or Indian concurrence
Querist : Anonymous
we go through this information to solve the problem if any information regarding this matter please share to us
thanking
Click here to login now
Similar Resolved Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- TDS RATE ON RENT PAID TO NRI
- TCS ON SOFTWARE SALES
- Income Type for interest from government bonds
- FREELANCING ACCOUNTANT
- Not a CA , can we prepare balance sheet
- Gstr 9 2023-24
- GST Form ADT-02
- Reporting of savings account interest income
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
