Automatic exchange of information for reciprocal FATCA reporting and due diligence between India and United States under IGA. The Agreement implements FATCA via reciprocal automatic exchange of information, defining Financial Institutions, Reportable Accounts, and Specified U.S. Persons; it prescribes due diligence and reporting standards, recognizes domestic legal impediments to direct FATCA compliance, designates Competent Authorities to administer the arrangement, preserves confidentiality and limits on use of exchanged information, and has been given effect in India under section 90 of the Income tax Act from the Agreement's entry into force.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Automatic exchange of information for reciprocal FATCA reporting and due diligence between India and United States under IGA.
The Agreement implements FATCA via reciprocal automatic exchange of information, defining Financial Institutions, Reportable Accounts, and Specified U.S. Persons; it prescribes due diligence and reporting standards, recognizes domestic legal impediments to direct FATCA compliance, designates Competent Authorities to administer the arrangement, preserves confidentiality and limits on use of exchanged information, and has been given effect in India under section 90 of the Income tax Act from the Agreement's entry into force.
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