FATCA and CRS implementation clarified: further guidance issued and posted for financial institutions by government on official website Clarification issued concerning implementation of FATCA and CRS for Indian financial institutions: India signed an Inter Governmental Agreement with the United States for FATCA and joined the Multilateral Competent Authority Agreement for Automatic Exchange of Information under the CRS. A Guidance Note (31 Aug 2015, updated 31 Dec 2015) and prior clarifications (19 Feb 2016) were supplemented by a further clarification dated 26 May 2016, published on the Income tax Department website to guide identification, reporting and due diligence obligations of reporting financial institutions.
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.
FATCA and CRS implementation clarified: further guidance issued and posted for financial institutions by government on official website
Clarification issued concerning implementation of FATCA and CRS for Indian financial institutions: India signed an Inter Governmental Agreement with the United States for FATCA and joined the Multilateral Competent Authority Agreement for Automatic Exchange of Information under the CRS. A Guidance Note (31 Aug 2015, updated 31 Dec 2015) and prior clarifications (19 Feb 2016) were supplemented by a further clarification dated 26 May 2016, published on the Income tax Department website to guide identification, reporting and due diligence obligations of reporting financial institutions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
