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University of Agriculture Faisalabad Directorate of Financial Assistance and University Advancement No. 141067 DATA Dated: 30.09.2013 NOTICE AIR BEGUM & PROFESSOR (RTD) MUSAHIBUDDIN KHAN SCHOLARSHIP
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dfaua stands for Digital File for the Automatic Exchange of Information. It is an international reporting standard for the exchange of financial account information between tax authorities.
Financial institutions, such as banks, investment companies, and insurance companies, are required to file dfaua if they have reportable accounts.
To fill out dfaua, financial institutions need to gather information on reportable accounts, such as the account holder's identification details, account balances, and certain financial transactions. This information is then reported to the tax authority in the required format.
The purpose of dfaua is to facilitate the automatic exchange of financial account information between tax authorities of different countries. This helps detect and deter tax evasion by providing tax authorities with increased transparency.
The information that must be reported on dfaua includes the account holder's identification details, account balances, income, and certain financial transactions. The exact reporting requirements may vary depending on the jurisdiction.
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