alleryStart learning →A person gets money from a foreign source via two intermediaries. Is it foreign contribution?
AOnly if banked abroad
BOnly if above a set sum
CYes, it is deemed so
DNo, only direct receipts count
Answer & Solution
Correct answer: C. Yes, it is deemed so
Explanation 1 to s.2(1)(h) deems a transfer by someone who got it from a foreign source directly or through persons to be foreign contribution.
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