{"id":8220,"date":"2017-05-25T22:34:51","date_gmt":"2017-05-25T17:04:51","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=8220"},"modified":"2018-04-15T17:55:58","modified_gmt":"2018-04-15T12:25:58","slug":"fatca-declaration-nps-pran-online","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/fatca-declaration-nps-pran-online\/","title":{"rendered":"Submit FATCA Declaration for NPS (PRAN) Online"},"content":{"rendered":"

NPS\u00a0subscribers have\u00a0received email from NPS Communications.cra@nsdl.co.in<\/strong> on their registered email with Subject: “Online submission of FATCA Self-Certification for your PRAN under NPS”. Have reproduced the mail below.<\/p>\n

\"NPS
NPS FATCA Online Self Declaration email<\/figcaption><\/figure>\n

What is FATCA?<\/h2>\n

FATCA is Foreign Account Tax Compliance Act<\/strong>, a law enacted by USA in 2010. According to this law, any individual who is resident of USA (citizens or green card holders) or financially connected to the US or have any tax residency in US have to declare all their foreign income and investment details to US Tax Authorities. The law was enacted to prevent tax evasion through offshore investments by US residents.<\/p>\n

India is signatory of the above law and hence all the financial entities like Banks, Insurance Companies, Mutual Funds, Brokerages, etc have to furnish their client information to the Indian Government, which in turn would share it with US Government. In case you have no income connection with USA, you are not impacted but still need to give the declaration.<\/strong><\/em><\/p>\n

\n

Also Read:<\/strong>\u00a0NPS Tax Benefit u\/s 80CCD(1), 80CCD(2) and 80CCD(1B)<\/a><\/p>\n<\/blockquote>\n

How to Submit FATCA Self-Certification of NPS \u00a0Online?<\/h2>\n

Thankfully the process\u00a0of FATCA Self-Certification is Online and simpler this time.<\/p>\n

Below is the screenshot for step by step process.<\/p>\n

Step 1:<\/span><\/strong><\/span> You can Login to NPS Site by clicking here<\/strong><\/span><\/a>\u00a0or from the email you received.<\/p>\n

Step 2:<\/span><\/strong><\/span>\u00a0From the menu go to\u00a0Transaction >>\u00a0FATCA Self-Certification as shown below<\/p>\n

\"NPS
NPS FATCA Online Menu<\/strong><\/figcaption><\/figure>\n

Step 3:<\/span><\/strong><\/span>\u00a0This will give you the Form below. The default values are already filled and in most cases ou’ll have to click Submit.<\/p>\n

Kindly note, you are required to submit physical FATCA Self-certification form to your Nodal Office or CRA if your Birth Place, Citizenship and Residence for the Tax Purposes is other than India or you are US citizen.<\/em><\/span><\/p>\n

\n

Also Read:<\/strong>\u00a0Should you Invest Rs 50,000 in NPS to Save Tax u\/s 80CCD (1B)?<\/a><\/p>\n<\/blockquote>\n

\"NPS
NPS FATCA Online Form<\/strong><\/figcaption><\/figure>\n

Step 4:<\/span><\/strong><\/span>\u00a0On clicking Submit above you’ll get the “Declaration by Customers” below. Click Confirm<\/p>\n

\"NPS
NPS FATCA Online Customer Declaration<\/strong><\/figcaption><\/figure>\n

Step 5:<\/span><\/strong><\/span>\u00a0A pop up is generated to enter the OTP sent on your registered mobile number. I got this OTP but was not able to proceed further due to server issues!<\/strong><\/p>\n

\"NPS
NPS FATCA Online OTP Screen<\/strong><\/figcaption><\/figure>\n
\n

Download:<\/strong> Ultimate Tax Saving<\/span> ebook with tax calculator FY 2017-18<\/a><\/p>\n<\/blockquote>\n

\u00a0Step 6:<\/span><\/strong><\/span>\u00a0Acknowledgement is generated \u00a0as below:<\/p>\n

\"NPS
NPS FATCA Online Acknowledgement<\/strong><\/figcaption><\/figure>\n

Hopefully the above step by step instructions would have helped you complete “Online submission of FATCA Self-Certification for your PRAN under NPS”<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

NPS\u00a0subscribers have\u00a0received email from NPS Communications.cra@nsdl.co.in on their registered email with Subject: “Online submission of FATCA Self-Certification for your PRAN under NPS”. Have reproduced the mail below. What is FATCA? FATCA is Foreign Account Tax Compliance Act, a law enacted by USA in 2010. According to this law, any individual who is resident of USA […]<\/p>\n","protected":false},"author":1,"featured_media":8226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[3521,2898,3535,2723,1585,3522,3520,3523,3536],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/05\/How-to-submit-FATCA-declaration-for-NPS-online.png",1010,564,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/05\/How-to-submit-FATCA-declaration-for-NPS-online-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/05\/How-to-submit-FATCA-declaration-for-NPS-online-300x168.png",300,168,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/05\/How-to-submit-FATCA-declaration-for-NPS-online-768x429.png",768,429,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/05\/How-to-submit-FATCA-declaration-for-NPS-online.png",1010,564,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/05\/How-to-submit-FATCA-declaration-for-NPS-online.png",1010,564,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/05\/How-to-submit-FATCA-declaration-for-NPS-online.png",1010,564,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/05\/How-to-submit-FATCA-declaration-for-NPS-online.png",120,67,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":16,"uagb_excerpt":"NPS\u00a0subscribers have\u00a0received email from NPS Communications.cra@nsdl.co.in on their registered email with Subject: “Online submission of FATCA Self-Certification for your PRAN under NPS”. Have reproduced the mail below. What is FATCA? FATCA is Foreign Account Tax Compliance Act, a law enacted by USA in 2010. According to this law, any individual who is resident of USA…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/8220"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=8220"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/8220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/8226"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=8220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=8220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=8220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}