Foreign contribution utilisation defines reasonable activity for cancellation and renewal by limiting qualifying work to compliant fund use. An association is treated as having undertaken reasonable activity for cancellation and renewal purposes if it has utilised foreign contribution of not ... Summary
Foreign contribution utilisation defines reasonable activity for cancellation and renewal by limiting qualifying work to compliant fund use.
An association is treated as having undertaken reasonable activity for cancellation and renewal purposes if it has utilised foreign contribution of not less than ten lakh rupees in the last two financial years. The term is confined to activity undertaken out of, or by utilising, foreign contribution received in accordance with the Act.
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