https://www.taxtmi.com/circulars?id=67929 Interest and income earned from foreign contribution constitute foreign contribution and must be credited back into the foreign contribution account for utilization under the FCRA. Proceeds of fixed deposits or investments created from foreign contribution, on maturity or receipt of returns, may be credited into the association's FCRA utilization account with any bank provided such investments do not fall within the category of speculative activities under the Foreign Contribution (Regulation) Rules, 2011. en-us Thu, 08 Aug 2024 00:00:00 +0530 Wed, 20 Nov 2024 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67929 Interest and income earned from foreign contribution constitute foreign contribution and must be credited back into the foreign contribution account for utilization under the FCRA. Proceeds of fixed deposits or investments created from foreign contribution, on maturity or receipt of returns, may be credited into the association's FCRA utilization account with any bank provided such investments do not fall within the category of speculative activities under the Foreign Contribution (Regulation) Rules, 2011. Circulars FEMA Thu, 08 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67929