TaxTMI 
TaxTMI 
Donation in foreign currency
17 Apr 2010 
1 Reply 
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Donation in foreign currency via credit card permitted annually without central bank permission under FEMA remittance rules.
Donation in foreign currency via international credit card is permissible without prior central bank permission where the donation per donor does not exceed the prescribed annual threshold; such transfers through credit card channels qualify as permitted remittances for charitable donations subject to the donor-level annual limitation and any applicable reporting or documentation requirements. (AI Summary)
Donation in foreign currency via international credit card is permissible without prior central bank permission where the donation per donor does not exceed the prescribed annual threshold; such transfers through credit card channels qualify as permitted remittances for charitable donations subject to the donor-level annual limitation and any applicable reporting or documentation requirements. (AI Summary)
Can donation in foriegn currency be given outside india through Credit Card?
