[Inpycon] Budget and sponsorship.

[Dhananjay Nene]

On Mon, May 21, 2012 at 11:43 AM, Sreekanth S Rameshaiah <sree at mahiti.org>wrote:

>
>
> On 20 May 2012 09:54, Dhananjay Nene <dhananjay.nene at gmail.com> wrote:
>
>> Just realised my comments could lead to a whole bunch of questions on
>> taxation and currency laws. So with an intent to specifically refocus on
>> the impact of that on what we do (rather than the legal details
>> themselves), here's my understanding (open for agreement or contesting)
>>
>> a. We can accept foreign currency sponsorships
>>
>
> No. We cannot. (There is a legal limitation)
>
>
>> b. Sponsorship grants to us may not be tax deductible in countries of the
>> sponsor
>> c. We may end up having to pay more tax on the amounts
>>
>
> Do not go down this path. Its way too complicated for non-profit
> institutions to do this.
>
>
>> d. Its better to offset foreign currency expenditure (primarily speaker
>> travel and any other associated speaker expenses) by a foreign third party
>> directly footing the bill. For all other expenses, it really doesn't matter.
>>
>> +1. Irrespective of whether they are Indian companies or of foreign
> origin, let them foot the bill and get equivalent sponsorship slab.
>
> Ok. Given the various constraints will create a special slab for speaker
sponsor and revert.


> Regards,
> - sree
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mail.python.org/pipermail/inpycon/attachments/20120521/0d7cfcb0/attachment.html>