https://www.taxtmi.com/acts?id=16984 Exchange of information upon request requires the requested Party's competent authority to provide tax relevant information regardless of whether it needs the information for its own tax purposes and to use all relevant information gathering measures if initial holdings are insufficient. Competent authorities must be able to obtain bank and financial records, fiduciary information and legal and beneficial ownership details across ownership chains for companies, funds, trusts and equivalent entities, subject to a disproportionate difficulties exception for publicly traded companies and public funds. Requests must demonstrate foreseeable relevance through specified identifiers and confirmations; the requested authority must acknowledge receipt, note deficiencies within sixty days, and advise within ninety days if it cannot comply. en-us Mon, 26 Nov 2012 14:55:49 +0530 Tue, 11 Feb 2025 14:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16984 Exchange of information upon request requires the requested Party's competent authority to provide tax relevant information regardless of whether it needs the information for its own tax purposes and to use all relevant information gathering measures if initial holdings are insufficient. Competent authorities must be able to obtain bank and financial records, fiduciary information and legal and beneficial ownership details across ownership chains for companies, funds, trusts and equivalent entities, subject to a disproportionate difficulties exception for publicly traded companies and public funds. Requests must demonstrate foreseeable relevance through specified identifiers and confirmations; the requested authority must acknowledge receipt, note deficiencies within sixty days, and advise within ninety days if it cannot comply. Act-Rules DTAA Mon, 26 Nov 2012 14:55:49 +0530 https://www.taxtmi.com/acts?id=16984