https://www.taxtmi.com/circulars?id=66628 Banks must ensure recipients of foreign contribution are registered or hold prior permission, receive such contribution only in a single account at a specified branch, and must not accept non-foreign funds into that account. Every bank or authorised person in foreign exchange must report prescribed details of foreign remittances (donor, recipient, account, bank/branch, manner and date of receipt) to the Central Government in the prescribed form and manner, including compulsory online submission through the MHA software and reporting within thirty days of relevant transactions. en-us Wed, 01 Jul 2015 00:00:00 +0530 Tue, 18 Jul 2023 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66628 Banks must ensure recipients of foreign contribution are registered or hold prior permission, receive such contribution only in a single account at a specified branch, and must not accept non-foreign funds into that account. Every bank or authorised person in foreign exchange must report prescribed details of foreign remittances (donor, recipient, account, bank/branch, manner and date of receipt) to the Central Government in the prescribed form and manner, including compulsory online submission through the MHA software and reporting within thirty days of relevant transactions. Circulars FEMA Wed, 01 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66628