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Foreign Exchange Dealers Association of India 173, Maker Tower F, Cuff Parade, Mumbai 400 005. Tel.: 2218 2549 2218 4432 Telefaxes : 2218 9946 E-mail : mail media.org.in Website : www.fedai.org.in
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Start by obtaining the necessary fedai form from the concerned authority or organization. It may be available online or at a designated office.
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Fedai stands for Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) Due Diligence and Reporting.
Financial institutions such as banks, investment firms, and insurance companies are required to file fedai.
Fedai can be filled out electronically through the relevant tax authority's online portal or submitted in paper form.
The purpose of fedai is to combat tax evasion and ensure compliance with international tax reporting standards.
Information such as account holders' names, addresses, tax identification numbers, and account balances must be reported on fedai.
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