Category Important Update Analyzed, Investments, NRI / OCI, Wealth Management Budget 2023 Introduces Penalty for Furnishing Incorrect Information in KYC, FATCA/CRS February 1, 2023 From 2014, the Income Tax Act has made it mandatory for any financial institution to... Tags Budget, BUDGET 2023, CRS, FATCA, FEMA, Income Tax, Income Tax Act, Investment, KYC, KYC change, NRI, NRI Investment, Penalty, reportable account Read More Category Important Update Analyzed, Investments, NRI / OCI USA-India FATCA Agreement update: Is India Preparing for FATCA compliance? The Budget 2014 proposes so. August 8, 2014 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 Read More
