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FCRA 2010: Key Concepts

FCRA 2010: Key Concepts. Objectives. Prevent Foreign influence on: Indian electoral politics, Establishment Media Social and political discourse Restriction of terror funds not a stated objective. Foreign Contribution. Exempt: Funds from UN, World Bank, listed sources

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FCRA 2010: Key Concepts

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  1. FCRA 2010: Key Concepts

  2. Objectives • Prevent Foreign influence on: • Indian electoral politics, • Establishment • Media • Social and political discourse • Restriction of terror funds not a stated objective

  3. Foreign Contribution • Exempt: • Funds from UN, World Bank, listed sources • Business transactions

  4. Applicability

  5. Income from FC • Treated as FCRA Income • To be kept in FCRA Bank / books • To be reported in FC-6 • Examples: • Bank / FD Interest • Sale of FCRA Material • Sale of FCRA Assets • Profit from FCRA IGP

  6. Foreign Source

  7. Receivers

  8. Further Reading AccountAble 84: ‘Foreign Source’ in FCRA 2010 AccountAble 96: Introduction to FCRA 2010

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