Search For "foreign account tax compliance act"
Bank of Maharashtra Makes NRI Banking Easier with Its NRI Banking Solution
Updated : 1 year, 11 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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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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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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