SEBIFor: Investor, NRI
SEBI revises FATCA and CRS reporting under Income-Tax Act, 2025
SEBI has issued a circular revising FATCA and CRS reporting requirements, read with Income-Tax Rules, 2026. Investors and NRIs may need to refresh self certification and tax residency details with intermediaries.
Summary by TaxSavvy. Read the official notice.
Read the official notice (opens SEBI press releases and circulars in a new tab)In short: FPAC
- Facts
- SEBI circular no. HO/38/14/(18)2026-MIRSD-POD2/I/25560/2026 dated Nov 11, 2026 revises reporting requirements under FATCA and CRS.
- Provisions and law
- Issued with reference to the Income-Tax Act, 2025 read with the Income-Tax Rules, 2026.
- Analysis
- Market intermediaries will align account due diligence and reporting of FATCA and CRS data with the new Act and Rules, which can mean fresh self certification requests to investors.
- Conclusion
- If you hold foreign tax residency or overseas links, keep your self certification and tax identification details current with your broker, depository participant or fund house.
What to do
- InformationCheck the tax residency and self certification details recorded in your demat, mutual fund and bank accounts.
- DiscussionDiscuss with a CA whether you are reportable under FATCA or CRS and what details must be declared.
- FormsSubmit or update the FATCA and CRS self certification with your intermediary where details have changed.
- DeliverablesAccurate tax residency records with intermediaries and a matching position in your income tax return.
Steps follow IDFD: Information, Discussion, Forms, Deliverables.
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See the serviceOfficial source: SEBI press releases and circulars, “Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) revised through Income-Tax Act, 2025 read with Income-Tax Rules, 2026”. This summary is general information, not advice for your case. The official notice is the final word.