Taxation on donation received from abroad without fcra
JEGADEESAN
(Querist) 01 July 2014
This query is : Resolved
Dear Sir,
I wish to clarify a doubt regarding the donations received from abroad without the registration/approval under FCRA .
i.e. M/s. AF Trust has received the donation from Singapore through bank .Actually the trust has not get the 80G Exemption as well as FCRA registration.
Is it legally allowable?
If yes whether it will be taxable ?