What is the Foreign Contribution
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.... value, in India, of such article, on the date of such gift is not more than 100,000/- such sum as may be specified from time to time by the Central Government by the rules made by it in this behalf. [ Rule 6A of FC(R) Rules 2011 ] * (ii) Any currency, whether Indian or foreign * (iii) Any security as defined in section 2(h) of the Securities Contracts (Regulation) Act, 1956 and * (iv) Any ....
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....ntribution within the meaning of this clause. * Explanation 3 ‒ * Nature of Contribution:- * (i) Any amount received, by any person from any foreign source in India, by way of fee (including fees charged by an educational institution in India from foreign student) or * (ii) towards cost in lieu of goods or services rendered by such person in the ordinary course of his business, trade....
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....ational Monetary Fund or such other agency as the Central Government may, by notification, specify in this behalf; (iii) a foreign company; (iv) a corporation, not being a foreign company, incorporated in a foreign country or territory; (v) a multi-national corporation referred to in sub-clause (iv) of clause (g); (vi) a company within the meaning of the Companies Act, 1956, and more t....


TaxTMI
TaxTMI