Welcome to our support center

How can we help you?

Why do I need to fill FATCA/ CRS declaration?

According to Central Board of Direct Taxes (CBDT) rules, all Financial Institutions in India are obliged to undertake due diligence for accounts to comply with Foreign Account Tax Compliance Act/Common Reporting Standards (FATCA/CRS) including identifying accounts held by U.S. Person or persons resident outside India for tax purpose and to report the relevant account information to the CBDT periodically.