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The Economic Times

Economy / The Economic Times

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Rejig of global tax reporting rules to cover digital finance

The revised guidance, issued by the central board of direct taxes (CBDT), lays down an updated compliance framework for reporting financial institutions (RFIs), including banks, mutual funds, insurers, custodians and other investment entities, on identifying reportable accounts, validating tax residency and reporting financial information under the country's Automatic Exchange of Information (AEOI) commitments.

4 Aug 2026 12:59 am