March 14, 2011
4:55 a.m.
On Sun, 2011-03-13 at 10:19 +0530, Dhananjay Nene wrote:
Receiving funds should not be a problem. Treating them as tax exempt is a question mark. The CA may well request that a certificate of the reason and nature of the remittance is required from the bank. If not (since IPSS is a non-profit body), that should not be an issue. If required, there's substantial documentation necessary. This is best discussed with the bank itself.
will check with our CA and revert -- regards Kenneth Gonsalves http://lawgon.livejournal.com/