Do You Know

DYK47
Volume - 47
August 2022

Any person receiving foreign contribution less than ten lakhs rupees or equivalent in a financial year from his relative does not require to file Form FC-1.

 

As per the MHA notification dtd 1-Jul-2022, GSR 506(E), the FCR Rule 6 has been amended,

Now, any person receiving foreign contribution in excess of ten lakhs rupees or equivalent thereto in a financial year from any of his relatives shall inform the Central Government in Form FC-1 within three months form the date of receipt of such contribution.

 

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