On Mon, Mar 14, 2011 at 04:15, Sreekanth S Rameshaiah <sree@mahiti.org> wrote:
under FCRA. It would be best if we get them to pay either the organizers (Pune team in this case, through any of their registered commercial entities) directly
IIUC, those organizers (companies/commercial entity) are liable to pay tax for any/all amounts thus received by them, unless they have a good explanation for the fund transfer. I am not aware if a commercial entity can explain it away with "....was just holding the money for IPSS". Your accountant is the best guide in this case. Fwiw, donations to IPSS would be exempt from tax under section 80G of the Income Tax Act only if the society is granted or applies for the same: <http://incometaxindia.gov.in/Acts/INCOME%20TAX%20ACT/80g.asp> . That said, the Indian tax exemption is not useful for foreign nationals as it may not be valid in their country. </zero paise worth> -- vid ॥ http://svaksha.com ॥