Corporate TaxArticle·3 August 2026

Guidance Note on FATCA and CRS

By J the App

Executive Summary

The CBDT has issued a revised Guidance Note on FATCA and CRS under the new Income-tax Act, 2025.

The framework now shifts reporting to Section 508 and Form 166, incorporates OECD's latest CRS standards, expands reporting to digital financial products including CBDCs and specified e-money products.

The Guidance note provides 100 practical FAQs to simplify compliance for Reporting Financial Institutions

Domain | Corporate Tax | Direct Tax

Background

India has been implementing F...

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