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CBDT Releases Revised FATCA & CRS Guidance Note: Income Tax Rules, 2026
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A branch includes a unit, business, or office of a Financial Institution located in a jurisdiction in which the Financial Institution is resident, and a unit, business, or office of a Financial Institution located in the jurisdiction in which the Financial Institution is created or organised.
(v) Estate Account Account held solely by an estate; documentation includes a copy of the deceased’s will or death certificate.
(vi)(A) Court Order or Judgment Account Account established in connection with a court order or judgment.
On the basis of balance or value, accounts are also classified as High Value and Lower Value accounts.
5.3 Due Diligence for Pre-existing Individual AccountsThere are separate due diligence procedures for High Value Accounts and Lower Value Accounts.