Monday, 30 November 2015

Gift received by MLA from his NRI father via normal banking channels is outside the ambit of FCRA

FCRA : Gift received by MLA from his father who is NRI out of the latter's personal funds through normal banking channels is outside the purview of FCRA,1976/FCRA,2010 as the same cannot be said to be received from a "foreign source". Such a gift would be outside the realm of both these legislations as the transaction is between an Indian father and an Indian son. The contribution made by a citizen of India living in another country (Non-Resident Indian), from his personal savings, through the n

No comments:

Post a Comment