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O f i t × H t Form990Return of Organization Exempt From Income Thunder section 601(c), 627, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) Department
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What is o f i t?
O F I T stands for Online Foreign Inward Remittance Toolkit.
Who is required to file o f i t?
Banks and financial institutions are required to file O F I T.
How to fill out o f i t?
O F I T can be filled out online through the designated portal provided by the regulatory authorities.
What is the purpose of o f i t?
The purpose of O F I T is to report foreign inward remittances received by banks and financial institutions.
What information must be reported on o f i t?
Information such as the amount of the remittance, the sender's details, the purpose of the remittance, and the recipient's details must be reported on O F I T.
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