Tag: Automatic Exchange of Information
Posted in Economy
Rejig of global tax reporting rules to cover digital finance
New Delhi: India has overhauled its global tax reporting framework to reflect the rapid evolution of digital finance, expanding foreign account tax compliance Act (FATCA)…
Posted in Finance
Foreign tax data to be included in Form 26AS
New Delhi: The Central Board of Direct Taxes (CBDT) has directed that financial account information received from overseas tax authorities be included in taxpayers’ Form…
Posted in Economy
CBDT NUDGE 2: Over 25,000 taxpayers to receive alerts on foreign assets; Check details to avoid penalties
The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative, designed to strengthen voluntary compliance…