Government Clarifies that Foreign-Contribution Related TDS Refund Received in Non-FCRA A/c Must Be Transferred to FCRA A/c
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- Last Updated on 4 January, 2025
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Public Notice Ministry of Home Affairs Foreigners-11 Division (FCRA Section) Dated 31/12/2024
Ministry of Home Affairs has clarified that if a consolidated Income Tax refund, including TDS for Foreign Contributions, is received in a non-FCRA bank account, the FC portion should be transferred to the FCRA account. This transfer will not violate the Foreign Contribution (Regulation) Act, 2010. TDS deductions should be treated as FC utilization, and any refund in the FCRA account will be reported as “other income” in the FC-4 form, simplifying compliance for associations.
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