LatestIncome Tax 9 July 2026
India Amends FCRA Rules
The Ministry of Home Affairs has notified the Foreign Contribution Regulation Amendment, increasing compliance burden on corporate philanthropy in India, requiring corporations to spend more time finding and verifying foreign funding for NGOs and CSR initiatives, affecting their ability to spend time and resources on social causes
The Ministry of Home Affairs has introduced the Foreign Contribution (Regulation) Amendment, increasing the compliance burden on corporate philanthropy in India. Corporations will need to spend time to find and verify foreign funding for NGOs and CSR initiatives. Some key points to note include:
- Increased scrutiny of foreign funding for NGOs and CSR initiatives
- Stricter regulations on corporate philanthropy
- More time and resources required for compliance,
affecting their ability to spend time and resources on social causes.
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