CSR Funds Foreign or Local

Posted on September 12, 2016 by SRRF

Dear Members,

We are an NGO working on sustainable energy, sustainable agriculture and waste management. An Indian company with 53% foreign holding is offering funds to one of our projects. Please advise whether do we need to treat this as foreign contribution or as an Indian contribution?

Best Regards,

Vidya Sagar Devabhaktuni
President, SKG Sangha
“Mandara” 3rd Main,
Muneshwara Nagar, Antharagange Road
KOLAR – 563 101
Karnataka State, INDIA

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One Response to CSR Funds Foreign or Local

  1. Jagdish says:
    September 29, 2016 at 4:37 pm

    If the funds are being contributed by an Indian company than its Indian contribution regardless of the company’s foreign holding.

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