What is US person in NPS form?

Specify whether you are a US person – this includes all tax residents of the US as well as US citizens who may be tax resident abroad.

Are FATCA details to be obtained for joint applicant?

Joint accounts having one tax resident of a relevant foreign country reportable owner are treated as reportable accounts resulting in the entire account being subjected to the FATCA/CRS legislation.

Is tin number and PAN number same?

Know the terms – PAN, TAN and TIN Permanent Account Number – A Permanent Account Number or PAN is a unique 10 digit alphanumeric code which is provided to every taxpayer or assessee in the country. A TIN is often called the VAT Number or Sales Tax Number and individuals should not confuse these terms.

Is FATCA details mandatory for NPS?

For APY/NPS-Lite, subscribers are required to submit duly filled FATCA self-certification form to your respective APY- Service Provider (SP) / Aggregator / NPS-Lite accounting Office (NL-AO) or CRA. Please note that acceptance of online FATCA self-certification is not available for APY/NPS-Lite subscribers.

Are you FATCA compliant?

As per a Finance ministry release issued on April 11, 2017, all accounts/Folios with mutual funds, opened between July 1, 2014 and August 31, 2015 , must be FATCA compliant by April 30th, 2017. FATCA is an intergovernmental agreement between the government of United States of America and Government of India.

What is FATCA details in NPS for Indian?

FATCA facilitates the automatic exchange of financial information between India and the US. That is, all Indian financial institutions must provide necessary information to the tax authorities of the country. This information will then be shared with the US.

Do I have to fill in a FATCA form?

Am I still required to complete the CRS & FATCA Self-certification form? Yes, if you held securities in a plan that is relevant for FATCA/CRS purposes in the past, you still need to complete the CRS & FATCA Self-certification form in EquatePlus, as well as providing any additional documentation that we request.