Foreign Assets Investigation Unit (FAIU) Explained | Working, Powers & Compliance | FAQ 111

Описание: Foreign Assets Investigation Unit (FAIU) Explained | Working, Powers & Compliance | FAQ 111

In this video, we explain the Foreign Assets Investigation Unit (FAIU), its working in India, its powers, and how it investigates undisclosed foreign assets, foreign bank accounts, overseas investments, and cross-border transactions.

FAIU is a specialized investigation wing under the enforcement ecosystem that assists in identifying unreported foreign assets, violations of FEMA, Income-tax Act, and the Black Money (Undisclosed Foreign Income and Assets) Act, 2015.

Why This Video Matters:
India receives automatic exchange of information from over 100 countries under CRS. FAIU plays a critical role in analyzing these records, detecting undisclosed foreign income, and enforcing compliance.

Who Should Watch:
• Individuals holding foreign bank accounts or property
• NRIs, Returning Indians, OCI cardholders
• Tax professionals, CA/CS/CMA students
• Entrepreneurs with overseas companies
• Anyone interested in tax investigation & compliance

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