NRE Bank FDs have always been considered the best investment product for NRIs to earn...
Tags AoE, automatic exchange of information, Bank, Bank FD, capital gain, currency conversion, Financial Account, Foreign Account Tax Compliance Act, foreign exchange, foreign income, foreign tax, Indiam Investment, Indian Mutual fund, INR, Interest, Liquid Fund, Money Market, Mutual Fund, NRE, OCI, OECD, PFIC, PIO, Tax, tax saving, taxation of PFIC example, US deptartment of treasury
A FATCA (Foreign Account Tax Compliance Act) / CRS (Common Reporting Standard) declaration was prepared...
Tags AEoI, automatic exchange of information, Bank, Black Money, CBDT, CBDT Notification 62/2015, Common Reporting Standard, CRS, CRS declaration, Due Diligence, FATCA, FATCA declaration, FATCA/CRS Declaration, FD, FEMA, Financial Account, Foreign Account Tax Compliance Act, G20, Greencard holder, KRA, KYC, MCAA, Multilateral Competent Authority Agreement, NI, non resident, Non resident indian, NRI, NRI Investments, NRI Taxation, OECD, Organisation for Economic Co-operation and Development, PIO, RBI / FEMA / Other Updates - Analyzed, Reporting Financial Institution, residential status, RFI, Rule 114 F, Rule 114f, Rule 114G, Rule 114H, SSN, Tax ID of country of residence, TFN, UCIC, Unique Customer ID Code, US Citizen, US Resident, USA Compliance and tagged 62/2015
Sharing and Reporting of accounts and income has become a hot topic among NRIs and...
Tags AEoI, automatic exchange of information, Bank, CBDT, CBDT Notification 62/2015, Common Reporting Standard, CRS, CRS declaration, Due Diligence, FATCA, FATCA declaration, FATCA/CRS Declaration, FD, FEMA, Financial Account, Foreign Account Tax Compliance Act, G20, MCAA, Multilateral Competent Authority Agreement, Non resident indian, NRI, OECD, Organisation for Economic Co-operation and Development, PIO, Reporting Financial Institution, RFI, Rule 114 F, Rule 114f, Rule 114G, Rule 114H
Finance Budget (No.2) proposed many important changes related to NRI investments and taxation. One of...
Tags AIR, Annual Information Return, CBDT, Demat, Department of Treasury, Due Diligence, FATCA, FATCA Agreement, FEMA, FFA, FFI, Financial Account, financial transaction, Foreign Account Tax Compliance Act, Foreign Financial Account, Foreign Financial Assets, Foreign Financial Institution, forex, Form 8938, IGA, Income Tax, India, Indian American, INR, Intergovernmental Agreement, Investment, Investments in India, IRS, NRE, NRI, NRI from USA, NRI Investment, NRI Investments, NRI Taxation, NRO, OCI, Penalty, PIO, RBI, reportable account, SEBI, SoFTRA, Statement of Financial Transaction and Reportable Account, Tax, US Compliance, US Reporting, USA Compliance
In a Historical turn of events, India has reached FATCA agreement in substance with the...
Tags Broker, CBDT, Demat, Department of Treasury, DTAA, FATCA, FATCA Agreement, FBAR, FCNR, FD, FEMA, FFA, FFI, Finance Ministry, Financial Account, financial institution, Foreign Account Tax Compliance Act, Foreign Financial Account, Foreign Financial Assets, Foreign Financial Institution, forex, Form 8938, GAO Report, HSBC, IGA, Income Tax, India, Indian American, INR, Insurance, Intergovernmental Agreement, Investment, IRS, Mutual Fund, NRE, NRI, NRI from USA, NRI Investment, NRO, OCI, OVDI, OVDP, Overseas Voluntary Disclosure Initiative, Overseas Voluntary Disclosure Program, Penalty, PIO, RBI, SEBI, Tax, TDS, UBS, US Compliance, US Reporting, USA
Since the Foreign Account Tax Compliance Act (FATCA) came out in 2010, US Government has...
Tags 8938, Compliance, Department of Treasury, FATCA, FBAR, FFA, FFI, Financial Account, financial institution, Foreign, Foreign Account, Foreign Account Tax Compliance Act, foreign exchange, Foreign Financial Account, H1B/L1, Income Tax, India, Investment, IRS, NRI, NRI Investment, US Citizen, US Person, US Reporting, US reporting account, US Resident
FATCA Basics: The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, is an important...
Tags 8938, Bank, Due Diligence, FATCA, FFI, Financial Account, Foreign, Foreign Account Tax Compliance Act, Foreign Financial Account, IRS, NRE, NRI, NRO, PIO, Pre-existing, US, US Reporting