The deadline for Indian residents to disclose foreign assets and income for Assessment Year 2024-25 is January 15, 2025.

An IRS John Doe Summons is highly effective to combat tax evasion. Trident Trust may now have to reveal U.S. taxpayers who ...

Indian residents must disclose foreign assets and income in their ITRs by January 15, 2025, to maintain compliance and avoid penalties.

Indian residents must report their foreign assets and income in their income tax returns (ITRs) in accordance with the Indian ...

In this globalized economy, tax transparency and compliance has become paramount to ensure that taxpayers disclose their global income and assets accurately. The Common Reporting Standard (CRS) and ...

FIU-IND being national agency in India is responsible for receiving information’s from several sources like: banks + financial institutions + NBFCs + etc. about Suspicious Financial Transactions (SFTs ...

The draw, held earlier this week, required candidates to have a minimum Comprehensive Ranking System (CRS) score of 727. This marks the third Express Entry draw of December. The first, on December 2, ...

The I-T department gets information on the assets created by Indians abroad through mechanisms like common reporting standards (CRS) or Foreign Account Tax Compliance Act (FATCA) of the US ...

31, 2025. The US has historically relied on its own tax information gathering system, the Foreign Account Tax Compliance Act (FATCA), rather than participating in the OECD’s CRS. In August 2023 ...