Foreign contribution reporting rules require annual Form FC-4 returns, bank certification, record preservation, and NIL reporting compliance. Every person receiving foreign contribution must file an annual return in Form FC-4 in electronic form within nine months of the close of the financial year, with scanned copies of the activity report, income and expenditure statement, receipt and payment account, and balance sheet. The return must show foreign contribution received in the exclusive bank account and details of transfers for utilisation, be accompanied by a certified bank statement, and the accounting statements must be preserved for six years. A NIL report is required even if no foreign contribution is received.
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Provisions expressly mentioned in the judgment/order text.
Foreign contribution reporting rules require annual Form FC-4 returns, bank certification, record preservation, and NIL reporting compliance.
Every person receiving foreign contribution must file an annual return in Form FC-4 in electronic form within nine months of the close of the financial year, with scanned copies of the activity report, income and expenditure statement, receipt and payment account, and balance sheet. The return must show foreign contribution received in the exclusive bank account and details of transfers for utilisation, be accompanied by a certified bank statement, and the accounting statements must be preserved for six years. A NIL report is required even if no foreign contribution is received.
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