Now declare gifts from relations abroad

KT NEWS SERVICE. Dated: 11/13/2020 1:16:57 PM

NEW DELHI, Nov 12: If you are getting a gift from a relation abroad, you have to now fill up a form and declare it to the home ministry under the Foreign Contribution (Regulation) Act (FCRA).
Though the Act was originally meant to regulate acceptance and utilisation of the foreign contribution or foreign hospitality by the foreign governments or the foreign organisations so as to prohibit any activities detrimental to the national interest, it has been also extended to the receipt of gifts, articles or securities from a relative abroad if their value exceeds Rs 1 lakh in a financial year.
The basic idea in amending the law is to kill the NGOs who have been doing so many public activities in different parts of the country, getting the funds from abroad through the legal route. As an abundant precaution, even the individuals getting gifts from abroad have been put on the scanner as the government sources say the recipients may be indulging in the anti-national activities with the funds received through the channel of their relatives abroad.
You have to fill up Form FC-1, under the rules 6, 17 and 18, and submit it to the Home Ministry, giving your details like name, contact details, mobile number, email address, PAN card number, Aadhar number, amount of foreign contribution received, number of the bank draft or telegraphic transfer or other communication, including the bank details as also details of the relative and your relationship with him/her.
The form requires you to provide details of receipts of foreign contribution by way of gift, articles or securities from the relative and also provide FCRA registration/prior permission number and date, if any, with details of the articles like purpose, quantity, approximate value, mode of utilisation and details of the person if they are disposed to him/her.

 

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