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Payment from abroad relatives
July 10 , 2022
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- The Union Home Ministry has amended certain rules related to the Foreign Contribution (Regulation) Act (FCRA) of 2010.
- It is allowing Indians to receive up to ₹10 lakh in a year from relatives staying abroad without informing the authorities.
- The earlier limit was ₹1 lakh.
- If the amount exceeds, the individuals will now have 90 days to inform the government, instead of 30 days earlier.
- The amended rules have given individuals and organizations or NGOs 45 days to inform the home ministry about the bank accounts that are to be used for the utilization of such funds.
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