India clarifies FATCA and CRS requirements

India’s Income Tax Department today released guidance to help financial institutions comply with FATCA and the common reporting standard regarding account holder self-certification, collection of taxpayer identification numbers (TINs), and valuation of depository amounts.

The tax agency states that self-certification from account holders will now be permitted through a user’s online banking platform.

Also, TINs need not be collected if



Comments are closed.