On Mon, 2011-03-14 at 17:46 +0530, Ramdas S wrote:

...

perfectly legal and very common in the older days when banks were not all that reliable. (there is also the black type of hawala). But the point here is that the courts may take it as us trying to get foreign contributions through the back door. Or are we going to do this without any record? It is just not worth it. And authorities are very very sticky when it comes to non profits. And the office bearers will get it in the neck.

X bills Y

Y bills Z

Z pays Y, Y pays service tax on the amount and pays X which's non-profit entity. Z becomes the sponsor. Bills are clean. Govt gets its money, they will be happy. CAs would sign on this and so would auditors. At least mine would.

who is X here? IPSS? -- regards Kenneth Gonsalves http://lawgon.livejournal.com/