FEMA and International Taxation
- Foreign Contribution (Regulation) Act, 2010
- Accounts & Audit
- All FCRA services online
- Applicability
- Change of designated bank account, name, address, aim, objects or key members of the association
- Declaration of receipts of foreign contribution
- Foreign Contribution
- Inspection & Seizure
- Introduction
- Penalty
- Registration of the Association
- Restriction on Administrative Expenses
- Restrictions on acceptance of foreign hospitality
- Restrictions on Accepting FC
- Speculative Activity
- Total Ban on acceptance of Foreign Contribution & Hospitality
- Transfer of FC to other Registered or Unregistered Persons
- Foreign Exchange Management Act, 1999
- Acquisition and transfer of Immovable property in India
- Acquisition and Transfer of Immovable Property outside India
- Bank Accounts in India
- Borrowings from Non-residents
- Branch/Liaison/Project Office in INDIA
- Branch/Liaison/Project Office outside India
- Capital & Current Account Transactions
- Compounding & Contravention under FEMA
- Cross Border Merger Regulations
- Introduction
- Investment in India
- Miscellaneous
- Overseas Direct Investments
- Residential Status under FEMA
- Trade Transactions – Import & Export
- International Taxation
Total Ban on acceptance of Foreign Contribution & Hospitality
8.1 Ban relating to FC applies to
- Candidate for election;
- Correspondent, columnist, cartoonist, editor, owner, printer or publisher of a registered newspaper;
- Government servant, judge or employee of any Government corporation;
- Member of any Legislature;
- Political party or office-bearer thereof
- Organisation of political nature;
- Association or company engaged in production or broadcast of audio news or audio visual news or current affairs programmes through any electronic mode or form;
- Correspondent or columnist, cartoonist, editor, owner of the above association or company.
8.2 Ban does not apply to FC received by way of
- Salary, wages or other remuneration, or
- Payment in ordinary course of international trade or commerce, or
- Payment received by an agent of a foreign source in relation to any transaction made by such foreign source with the State or Central Government, or
- Gift or presentation made to a member of any Indian delegation, provided the same is in conformity with the rules framed by the Central Government in this regard, or
- Gift from relative. Gifts exceeding ₹1,00,000 per annum requires intimation to the Central Government in Form FC-1 within 30 days from date of receipt of such gift, or
- Any scholarship, stipend or any payment of like nature, or
- Remittance received in ordinary course of business through official channels.