AIIB, NDB and EBRD not to be treated foreign source under FCRA
MINISTRY OF HOME AFFAIRS
NOTIFICATION
New Delhi, the 1st February, 2019
S.O. 649(E).—In exercise of the power conferred by sub-clause (ii) of clause (j) of sub-section (1) of section 2 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010), the Central Government hereby specifies that the following international organisations shall not be treated as ‘foreign source’ for the purposes of the said Act, namely:—
(i) Asian Infrastructure Investment Bank (AIIB)
(ii) New Development Bank (NDB)
(iii) European Bank for Reconstruction and Development (EBRD)
[F. No. II/21022/23(78)/2018-FCRA-III]
ANIL MALIK, Jt. Secy.
Expenses incurred on ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act – ITAT Delhi In a…
Compliance history of supplier could not be used to invalidate the genuine business transactions of the buyer especially when the…
Reassessment quashed as AO issued u/s 148 instead of 153C as reopening was based on incriminating material found during search…
Empanelment of Chartered Accountants/Cost Accountant/Legal firm for FEMA & other allied services Engineering Projects (India) Ltd. has invited application for…
Individual contract for booking of persons for participation in an event is not “event management” contracts liable to service tax…
Minor delay should not come in the way of legitimate claim for any deduction if the assessee is otherwise entitled…