Crs full form: About Us The history of Civil Registration

About Us The history of Civil Registration System ( CRS ) in India dates back to the middle of the 19th century. In 1886, a Central Births, Deaths, and Marriages Registration Act was promulgated to provide for voluntary registration throughout British India. Post-independence, the Registration of Births and Deaths Act (RBD Act) was enacted in 1969 to promote uniformity and comparability in the registration of Births and Deaths across the country and compilation of vital statistics based ... The Common Reporting Standard ( CRS ) is a new information-gathering and reporting requirement for financial institutions in participating countries/jurisdictions, to help fight against tax evasion and protect the integrity of tax systems. FATCA – the Foreign Account Tax Compliance Act – is a US law that forces non-US banks to provide the IRS with information about their US customers, whereas CRS – the Common Reporting Standard – is a global reporting standard that allows tax authorities from multiple countries to access information about their citizens’ finances. Although both FATCA and CRS are information sharing standards used by governments to track citizens’ use of offshore banks, CRS casts a wider net that ... This web page provides guidance to Financial Institutions, Regulators and Income Tax Department of India for compliance with FATCA and CRS reporting requirements. FATCA stands for Foreign Account Tax Compliance Act and CRS stands for Common Reporting Standard on Automatic Exchange of Information.