Indian trust can give donation to foreign trust

Sundram N (Querist) 27 February 2014 This query is : Resolved

Dear Sir(s),

kindly share your expert veiw that a trust registered and situated in india can give donation to trust situated and registered in fooreign/ abroad.

can this donation will be allowed under income tax act ?

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Vidhi Joshi (Expert) 28 February 2014
Interesting query, as this is not covered under Foreign Contribution (Regulation) Act, though foreign contribution is regulated I doubt about any regulation on Indian contribution to any foreign entity, but still there might be some guidelines on disclosures to be made by RBI, other expert views awaited.

Rajendra K Goyal (Expert) 28 February 2014
FEMA and other foreign exchange rules apply.

Thyagarajan (Expert) 28 February 2014
State facts if you are anyway affected. Do not put question for your general knowledge.

T. Kalaiselvan, Advocate (Expert) 02 March 2014
Please refer to RBI rules and FEMA for provisions.

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