Search For "compliance act"
CBDT's trust first approach yields significant result, 30,161 taxpayers de
Updated : 1 year, 3 months ago IST
The Central Board of Direct Taxes (CBDT) "nudging campaign" has yielded significant results with 30,161 taxpayers declaring foreign assets worth over Rs 29,000 crore, government sources told ANI.
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Bank of Maharashtra Makes NRI Banking Easier with Its NRI Banking Solution
Updated : 1 year, 12 months ago IST
New Delhi [India], June 13: The rise of globalization has enabled individuals to work and live abroad, creating a need for cross-border financial management. Non-Resident Indians (NRIs), for instance, face a complex financial landscape that requires careful planning and adherence to regulati
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Kyndryl Unveils Banking and Financial Industry Services for Google Cloud C
Updated : 2 years, 7 months ago IST
Bangalore (Karnataka) [India], November 1: Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced the availability of new services for financial services organizations seeking to use Google Cloud to safely store and protect their confidential and
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India's Tax agency plays key role in promoting adoption of digital public
Updated : 3 years, 2 months ago IST
The working paper 'Stacking up the Benefits Lessons from India's Digital Journey" said that the core tax administration operations rely heavily on DPI initiatives, where Aadhaar is expected to revolutionize tax administration compliance activities by promoting the consistency of registers
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QuEST Global appoints Lindsey Gauthier as General Counsel
Updated : 5 years, 4 months ago IST
Singapore/ Bengaluru (Karnataka) [India], February 4 (ANI/PRNewswire): QuEST Global, a global product engineering and lifecycle services company, announced the appointment of Lindsey Gauthier as its General Counsel. In this position, Lindsey will be responsible for managing all legal, reg
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CBDT to scrutinise 0.35% IT returns filed last year
Updated : 7 years, 10 months ago IST
New Delhi [India], Aug 10 (ANI): The Central Board of Direct Taxation (CBDT) on Thursday said that only 0.35 per cent of the Income Tax returns, filed last year will be scrutinised.
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IT Dept detects undisclosed income of Rs. 125 Cr under FATCA
Updated : 7 years, 10 months ago IST
New Delhi [India], Aug 2 (ANI): The Income Tax Department (IT) has detected undisclosed income worth Rs. 125 Crore under the Foreign Account Compliance Act (FATCA).
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Financial Institutions to ensure US TIN for pre-existing accounts is repor
Updated : 8 years, 4 months ago IST
New Delhi [India], Jan 15 (ANI): All Indian Reporting Financial Institutions (RFIs) are to ensure that the United States Tax Identity Number (TIN) is reported of each pre-existing account for the year 2017 onwards, in compliance of the Inter-Governmental Agreement (IGA) signed between India
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CBDT notifies India, US signing of IGA under Foreign Account Tax Complianc
Updated : 8 years, 4 months ago IST
New Delhi [India], Jan 15 (ANI): Central Board of Direct Taxes (CBDT) on Monday announced that India and USA had signed the Inter-Governmental Agreement (IGA) under Foreign Account Tax Compliance Act (FATCA) in 2015.
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Self-certification of bank accounts by Apr. 30 or closure
Updated : 8 years, 9 months ago IST
New Delhi [India], Apr 12 (ANI): As part of the Foreign Account Tax Compliance Act (FATCA) compliance, the bank accounts opened between July 1, 2014, and August 31, 2015, are required to submit self certification forms by April 30 this year failing which the accounts will be blocked, said a
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