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.
A claim of deduction made in return, even if found inadmissible, does not automatically lead to misreporting of income -…
After holding that the cash receipts and cash payments are unexplained, ad-hoc estimation of income can not be adopted –…
Dividing total turnover by 365 days and concluding that assessee could not have made such cash sale on a single…
NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm North Eastern Regional Institute of Science and Technology, (NERIST)…
Sibsagar University invites Expression of Interest (EOI) for Appointment of Internal Auditor Sibsagar University invites Expression of Interest (EOI) from reputed…
In a recent judgment Andhra Pradesh High Court struck down Section 147A of the Income Tax Act, 1961 as unconstitutional.…