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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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What is fedai?
Fedai stands for Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) Due Diligence and Reporting.
Who is required to file fedai?
Financial institutions such as banks, investment firms, and insurance companies are required to file fedai.
How to fill out fedai?
Fedai can be filled out electronically through the relevant tax authority's online portal or submitted in paper form.
What is the purpose of fedai?
The purpose of fedai is to combat tax evasion and ensure compliance with international tax reporting standards.
What information must be reported on fedai?
Information such as account holders' names, addresses, tax identification numbers, and account balances must be reported on fedai.
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