Corporate law,FCRA,Foreign Direct Investment
Treatment of donation given by Non-Resident Indians (NRIs)
Whether donation given by Non-Resident Indians (NRIs) is treated as ‘foreign contribution’?
By  Rishabh Kumar  |  20 May 2016  |  Upvotes: 0  | 

1 Answer(s)

Ravindra Purohit

Contributions made by a citizen of India living in another country (i.e.Non-Resident Indian), from his personal savings, through the normal banking channels, is not treated as foreign contribution. However, while accepting any donations from such NRI, it is advisable to obtain his passport details to ascertain that he/she is an Indian passport holder.

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