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CRITICAL ISSUESLUNAWAT & CO. Chartered Accountants 23rd March 2017, Alpaca. STROLLER OD JAIN FCA, FCS, CMA, LL.B, LIMA, DISALunawat & Co. WHAT IS TAX AUDIT?? S. 10 (23C) (iv), (v), (vi) or (via),
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FCA FCS stands for Foreign Currency Account and Foreign Currency and Securities report.
Any individual or entity that holds foreign currency accounts or securities.
The FCA FCS form must be completed with accurate information regarding foreign currency accounts and securities holdings.
The purpose of FCA FCS is to monitor and track foreign currency transactions and securities holdings to ensure compliance with regulations.
Information such as the account holder's name, type of account, currency type, account balance, and securities holdings must be reported on FCA FCS.
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