Fcra common misconceptions and Facts

The foreign contribution regulation act (FCRA) is regularly misunderstood, main for many misconceptions. A common belief is that fcra lump sum bans all foreign donations. In fact, it controls such contribution to ensure that transparency and broad integrity of the country. Another misconception is that compliance is excessive burden. While companies need to check and keep data, many people find out that those procedures decorate the responsibility. In addition, some people hope that fcra is the simplest applied to ngos, but it also spreads to political parties and people. Understanding those records is important for promoting responsible engagement with foreign contribution to India.