https://www.taxtmi.com/acts?id=20081 Competent Authorities must notify each other of administrative errors and significant non-compliance by Reporting Financial Institutions; the notified Party applies domestic law, including penalties, to secure corrected information or enforce obligations. Persistent unresolved significant non-compliance by a Reporting Indian Financial Institution results in treatment as a Nonparticipating Financial Institution. Reporting Financial Institutions may use third-party service providers but retain ultimate responsibility, and Parties must prevent circumvention of reporting requirements. en-us Fri, 16 Oct 2015 12:32:33 +0530 Wed, 29 Jan 2025 16:44:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20081 Competent Authorities must notify each other of administrative errors and significant non-compliance by Reporting Financial Institutions; the notified Party applies domestic law, including penalties, to secure corrected information or enforce obligations. Persistent unresolved significant non-compliance by a Reporting Indian Financial Institution results in treatment as a Nonparticipating Financial Institution. Reporting Financial Institutions may use third-party service providers but retain ultimate responsibility, and Parties must prevent circumvention of reporting requirements. Act-Rules DTAA Fri, 16 Oct 2015 12:32:33 +0530 https://www.taxtmi.com/acts?id=20081