Regarding fatca act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2016
SIR
Please tell me that---how FATCA ACT applicable for a company registered under co. act 1956 ?
co. want open a current a/c in kotak mahindra bank , Bank demand FATCA Act. declaration from the company. So what is this deceleration and in which circumstances this act will applicable to an Indian company registered under co. act 1956
Please its very urgent .
Thank you.
Please tell me that---how FATCA ACT applicable for a company registered under co. act 1956 ?
co. want open a current a/c in kotak mahindra bank , Bank demand FATCA Act. declaration from the company. So what is this deceleration and in which circumstances this act will applicable to an Indian company registered under co. act 1956
Please its very urgent .
Thank you.
10 March 2016
Dear
If a company has a USA resident as owner or as beneficiary owner then the bank is required to report that account under FATCA act. It does not matter where the company is incorporated.
The declaration bank need ask the bank what documents they want.
If a company has a USA resident as owner or as beneficiary owner then the bank is required to report that account under FATCA act. It does not matter where the company is incorporated.
The declaration bank need ask the bank what documents they want.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
