Showing posts with label Non resident Indian. Show all posts
Showing posts with label Non resident Indian. Show all posts

Tuesday, 1 December 2015

Whether contribution made by Non- Resident Indian from his personal savings can be treated as foreign contribution?

It is pertinent to mention here the question asked from "Foreign Donation of FCRA", whether the donation given by Non Residents Indian (NRIs) is treated as foreign contribution? The answer thereto is that the contribution made by a citizen of India living in another country (Non- Resident Indian), from his personal savings, through the normal banking channels, is not treated as foreign contribution. However, while accepting any donation from such NRI, it is advisable to obtain his passport details to ascertain that he/she is an Indian Passport holder. Admittedly, father of the petitioner is an Indian Passport holder and transaction is through banking channel.
Delhi High Court
Arvind Khanna vs Central Bureau Of Investigation on 30 November, 2015
Author: Suresh Kait
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