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(Stiltffia:022thmr: 022tfot:&:later/ GOVERNMENT OF INDIA LA QRQ “T MDRD / NlNlsrRY of SHIPPING area rorfrdqTTFm / Collect 'Ora 'f E GENERAL of SHIPPING “RO Rarer ', 9 fr Fighter / “BE 'Ra BUILDING
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What is al it - directorate?
AL IT - Directorate stands for Automatic Exchange of Information (AEoI) Directorate which is a framework for the exchange of taxpayer information between tax authorities of different countries.
Who is required to file al it - directorate?
Financial institutions such as banks, investment firms, insurance companies, and other entities that hold financial accounts for customers are required to file AL IT - Directorate.
How to fill out al it - directorate?
AL IT - Directorate form can be filled out electronically by financial institutions through the designated portal provided by the tax authorities.
What is the purpose of al it - directorate?
The purpose of AL IT - Directorate is to enable tax authorities to automatically exchange financial account information of their respective taxpayers to prevent tax evasion.
What information must be reported on al it - directorate?
Financial institutions must report information such as account balances, interest income, dividends, and capital gains of their customers.
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