CBDT Issues Clarifications on Certain Funds for FACTA & CRS Reporting
- Blog|News|Income Tax|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 28 July, 2023
Latest from Taxmann
NOTIFICATION F. NO. 500/34/2019-FT&TR-III(PT.)/1, dated 26-07-2023
CBDT issued various guidance from time to time to clarify reporting requirements for Reporting Financial Institutions concerning reportable accounts under Rule 114F.
Now, the CBDT has notified modification to its previous Guidance Note dated 30.11.2016 to address doubts about reporting non-U.S. reportable accounts with respect to the Treaty Qualified Retirement Fund, Non-public fund of the armed forces and Gratuity Fund.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
