Search For "fatca"
CBDT to scrutinise 0.35% IT returns filed last year
Updated : 7 years, 9 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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IT Dept detects Rs.10, 767Cr undisclosed income during fiscal 2017-18
Updated : 7 years, 11 months ago IST
New Delhi [India], June 16 (ANI): The Income Tax Department has detected undisclosed income of over Rs. 10,000 crore in fiscal 2017-18, thus recording a 20 percent surge over the previous fiscal.
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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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CBDT issues closure of financial accounts of Income-tax rules
Updated : 8 years, 9 months ago IST
New Delhi [India], Aug 31 (ANI): The Inter-Governmental Agreement (IGA) with USA for implementation of FATCA entered into force on August 31st, 2015.
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