https://www.taxtmi.com/article/detailed?id=9151 FCRA requires trusts, societies and Section 8 companies to obtain either registration or prior permission before receiving any foreign contribution; registration generally requires statutory existence, a minimum period of activity with audited accounts and prescribed expenditure history, while prior permission permits receipt of a specified amount from a specified donor for specified activities. Applicants must satisfy character and conduct conditions, ensure acceptance does not prejudice national interests or public order, provide prescribed documents via Form FC-3, maintain a dedicated foreign contribution bank account and file annual returns in Form FC-4; authorities may conduct field enquiries and may suspend or cancel registration for noncompliance. en-us Wed, 06 May 2020 05:51:19 +0530 Wed, 06 May 2020 05:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9151 FCRA requires trusts, societies and Section 8 companies to obtain either registration or prior permission before receiving any foreign contribution; registration generally requires statutory existence, a minimum period of activity with audited accounts and prescribed expenditure history, while prior permission permits receipt of a specified amount from a specified donor for specified activities. Applicants must satisfy character and conduct conditions, ensure acceptance does not prejudice national interests or public order, provide prescribed documents via Form FC-3, maintain a dedicated foreign contribution bank account and file annual returns in Form FC-4; authorities may conduct field enquiries and may suspend or cancel registration for noncompliance. Articles Other Topics Wed, 06 May 2020 05:51:19 +0530 https://www.taxtmi.com/article/detailed?id=9151