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FCRA REGISTRATION FORMS AND DESCRIPTION Form Description FC1 Intimation to the Central Government of receipt of foreign contribution by way of gift from relative. FC2 Application for seeking prior
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FC1 form is a tax form used to report foreign bank accounts and financial assets.
Any individual or entity with foreign bank accounts or financial assets exceeding certain thresholds is required to file FC1 form.
FC1 form can be filled out online or by mail. It requires information about the foreign accounts or assets including balances, income earned, and account numbers.
The purpose of FC1 form is to report foreign bank accounts and financial assets to the government for tax compliance and anti-money laundering purposes.
Information such as account balances, interest, dividends, and other income from foreign accounts or assets must be reported on FC1 form.
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