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Foreign Account Tax Compliance Act (FATCA): FATCA is a US law that requires foreign financial institutions to report information about US taxpayers to the US Internal Revenue Service (IRS).India has signed an agreement with the United States to implement FATCA. Under this agreement, Indian financial institutions are required to report ...
The Foreign Account Tax Compliance Act (FATCA) is a 2010 U.S. federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report such assets and identities of such persons to the United States Department of ...
Pakistani nationals visiting India are required to register within 24 hours of arrival regardless of the duration of their stay. [1] Foreign children below the age of 16 are exempt from registration requirements. [2] Foreign nationals must report in-person to the nearest Registration Officer in their jurisdiction.
Foreigner registration in India [ edit ] Foreigner registration is a mandatory requirement by the Government of India under which all foreign nationals (excluding overseas citizens of India ) visiting India on a long term visa (more than 180 days) are required to register themselves with a Registration Officer within 14 days of arriving in ...
IRS officers handling sensitive postings are issued a Glock Model 22 pistol or a Glock 23 in .40 S&W caliber. [30] An IRS officer could rise up-to the Apex Scale (Rs.2,25,000 fixed plus allowances) at the post of principal chief commissioner of income tax in the ITD. At the apex level, he can also get selected as a Member or Chairperson of the ...
National Financial Reporting Authority (NFRA) is the auditing and accounting supervision authority of India. The authority oversees the auditing profession and the Indian Accounting Standards under the Companies Act 2013. [1] It was formed in October 2018. The chairperson since March 2022 is Ajay Bhushan Pandey. [2]
Officers recruited this way are called direct recruits. The remaining 50% are recruited by promotion from subordinate cadres. [11] After the selection process, IA&AS officers are trained at the National Academy of Audit and Accounts in Shimla, Himachal Pradesh, where they are referred to as Officer Trainees. [1]
The Foreign Contribution (regulation) Act, 2010 is an act of the Parliament of India, by the 42nd Act of 2010.It is a consolidating act whose scope is to regulate the acceptance and utilisation of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilisation of foreign contribution or foreign hospitality for any ...