CBDT Issues Clarifications on Certain Funds for FACTA & CRS Reporting
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- Last Updated on 28 July, 2023
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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
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