Advocate M. Sameer Husaain has bachelor degree of commerce (B.Com) and master of Commerce (M.Com) de... Read More
Is donation given by Non-Resident Indians (NRIs) considered as a foreign contribution?
Whether donation given by Non-Resident Indians (NRIs) is treated as ‘foreign contribution’?
- Sector-1, Noida
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.
Answered on 28 Sep 2018
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