what are procedure for foreign donation money to transfer to a trust i in India
2 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 21 March 2011
ask the payee to make bank transfer(T/T) in the bank account of trust.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 10 May 2011
The Indian Trust has to obtain FCRA registration before receving a single dollar from outside India.
Anuj
0-9810106211
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