https://www.taxtmi.com/news?id=14568 India acceded to the Multilateral Competent Authority Agreement to implement the Common Reporting Standard (CRS), requiring financial institutions to report extensive account-level information, including controlling persons and beneficial owners, for automatic exchange. Domestic enabling amendments were made through the Finance (No. 2) Act, 2014 to the Income-tax Act reporting provision, and rules and guidance are being developed to operationalise cross-border information exchange to combat international tax evasion. en-us Wed, 03 Jun 2015 18:37:36 +0530 Wed, 03 Jun 2015 18:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14568 India acceded to the Multilateral Competent Authority Agreement to implement the Common Reporting Standard (CRS), requiring financial institutions to report extensive account-level information, including controlling persons and beneficial owners, for automatic exchange. Domestic enabling amendments were made through the Finance (No. 2) Act, 2014 to the Income-tax Act reporting provision, and rules and guidance are being developed to operationalise cross-border information exchange to combat international tax evasion. News - Wed, 03 Jun 2015 18:37:36 +0530 https://www.taxtmi.com/news?id=14568