Foreign contribution from relatives above the annual threshold requires electronic Form FC-1 intimation within the prescribed reporting period. Foreign contribution received from relatives above ten lakh rupees, or its equivalent, in a financial year must be intimated electronically to the Central ... Summary
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Foreign contribution from relatives above the annual threshold requires electronic Form FC-1 intimation within the prescribed reporting period.
Foreign contribution received from relatives above ten lakh rupees, or its equivalent, in a financial year must be intimated electronically to the Central Government in Form FC-1 within three months of receipt. The applicable threshold was increased from one lakh rupees, and the reporting period was extended from thirty days.
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