Foreign Contributions Regulation Act (FCRA)
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What is the principal objective of the Foreign Contributions Regulation Act (FCRA)?
The principal objective of FCRA is to ensure that foreign contributions and foreign hospitality are not used for any activity against national interest.
What is the primary outcome that FCRA aims to prevent by regulating foreign contribution?
Any activity detrimental to national interest.
Which authority administers and enforces the provisions of FCRA in India?
FCRA is administered by the Ministry of Home Affairs, which oversees registration, compliance, and enforcement.
What is the maximum market value of an article gifted by a foreign relative for personal use that is exempt from being treated as foreign contribution?
Rs. 25,000 is the prescribed limit.
What is the prescribed market value limit in India for an article gifted by a foreign relative for personal use to be excluded from the definition of foreign contribution?
An article gifted by a foreign relative for personal use is not treated as foreign contribution if its market value in India does not exceed Rs. 25,000.
Are fees paid by foreign students to Indian educational institutions treated as foreign contribution under FCRA?
No, such fees are expressly excluded from foreign contribution.
Is a gift article worth Rs. 24,000 received from a foreign relative for personal use considered foreign contribution under FCRA?
No, it is not considered foreign contribution because it is a personal-use gift and its market value is within the prescribed limit of Rs. 25,000.
Is interest earned on foreign contribution held in the designated account itself treated as foreign contribution?
Yes, interest earned is also treated as foreign contribution.
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