TMI BlogRestriction to utilize foreign contribution for administrative purpose [ Section 8 ]X X X X Extracts X X X X X X X X Extracts X X X X ..... bution,- ( a ) shall utilise such contribution for the purposes for which the contribution has been received: Any foreign contribution or any income arising out of it shall not be used for speculative business: The Central Governments shall, by rules, specify the activities or business which shall be construed as speculative business for the purpose of this section; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b ) shall not defray as far as possible such sum, not exceeding 20% of such contribution , received in a financial year, to meet administrative expenses: Prior approval from Central government for defrayed if administrative expenses exceeding 20%. of such contribution may be defrayed with prior approval of the Central Government. As Per Section 8(2) of FCRA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es, postal charges, repairs to premise(s) from where the organisation or Association is functioning, stationery and printing charges, transport and travel charges by the Members of the Executive Committee or Governing Council and expenditure on office equipment; (iv) cost of accounting for and administering funds; (v) expenses towards running and maintenance of vehicles; (vi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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