MONEY RECEIVED FROM NRI SON

[Pathy Senthil]

Amount received by a father from his Son residing abroad. Son is a NRI and holding Indian passport. Whether such receipts more than 1 lakhs has to be reported in FCRA Form FC1. Rule 6 of FCRA requires submission of FC1 in cases where gift is recieved from any relative. Or is FC1 applicable only for gift received from foreign citizen. Please clarify

[DR.MARIAPPAN GOVINDARAJAN]

Any amount received by a father from his son in foreign country is a gift. Therefore filing FC-1 is required if the amount involves more than ₹ 1 lakh.

[Jayaprakash Kamath]

Amount received from NRI holding Indian passport are not not falling under purview of FCRA. No reporting required

[DR.MARIAPPAN GOVINDARAJAN]

May I know the provision sir?

AI Summary

Gift from NRI relative may require filing an FC form under FCRA, though donor's Indian passport may exclude reporting. The issue is whether money received by a father from a son residing abroad constitutes a reportable foreign contribution under FCRA and triggers the FC form filing obligation when it exceeds the monetary threshold. Forum responses diverge: one treats such remittances from the son abroad as gifts requiring FC form submission above the threshold; another maintains that donors holding Indian passports fall outside FCRA's purview, so no reporting is required. The dispute hinges on donor residence versus donor passport/nationality.