Saturday, October 16, 2010

Whether a NRI can Make Donations to any resident in India ? Will it Fall under FEMA or FCRA ?



Whether a NRI can Make Donations to any resident in India ? Will it Fall under FEMA or FCRA ?

A NRI can make donation to an Indian or any institution in India. There is no restriction for such donation either in FEMA or in FCRA.  For instances, many temples have online donation facility for a  NRI to pay donation from his NRE account or in foreign exchange.

Further, donation received from a NRI in foreign currency is not a foreign contribution if the NRI holds a valid Indian passport

For a .NRI (Non-Resident Indians) donors who are Indian citizens having an Indian passport and he can make donations to any one in India and he has to quote his passport number as this is because their contribution goes into a separate account as per the Foreign Contribution Regulation Act, (FCRA), 1976.

How much a Indian Resident can make as a gift to a resident outside India or donation to a foreign charitable institution?


Any resident individual, if he so desires, may remit the entire limit of USD 200,000 in one financial year under LRS as gift to a person residing outside India or as donation to a charitable/educational/ religious/cultural organization outside India.  Remittances exceeding the limit of USD 200,000 will require prior permission from the Reserve Bank.

5 comments:

  1. good day to you,
    we want more donetion/funds for starts schools,colleges,hospitals & help centers on our ' samina sabbir rural ayurvedic yog medical educationl resarch trust '
    rg. under 80g(5),12AA,FCRA.to help poor peoples,childrens,womens,widows,students & help who want help.so plese help.
    see details www.ssmedicaltrust.org
    contact : abhijit.ghude@yahoo.com or +91 - 08698992829

    ReplyDelete
  2. i am manisha i want fianancial help from u for mother who suffering last 12 years diabetic, hypertension problem after my father death we do her regular treatment of that but because of debt problem ,homeless problem we suffering alot so please help us please because regular treatment is must so please help us my name is manisha s. b. account no is - 826155048, indian bank, bhandup branch, address- nes school marg, bhattipada road, bhandup-west, mumbai-78, india

    ReplyDelete
  3. pl any one doners pl help to a candidate accident suddenly and he was only one son and both sisters married but he brahmin no have money and operation and medical cost approximately 6Lakhs pl help them contact no and bank detailes and hospital account number i will give you arjent need pl sharat_ace@yahoo.co.in
    9848381374 sharat pl arjent

    ReplyDelete
    Replies
    1. Sachin, all ok now?

      Delete
  4. Dear NRI,
    IF YOU WANT TO SEND YOUR MONEY TO INDIA BY HAWALA CONTACT ME via my email atozsuccess1@yahoo.com

    ReplyDelete