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India

India FATCA & CRS Reporting

File Form 61B with the Income Tax Department. ITDREIN validation, GIIN checks, and TIN verification built in.

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Indian financial institutions file FATCA and CRS reports using Form 61B through the Income Tax Department e-filing portal. Novus automates XML generation, validation, and submission — with built-in support for ITDREIN, GIIN, and TIN formats.

India reporting requirements

  • Reporting authority: Income Tax Department (ITD)
  • Form: Form 61B
  • Schema: Form61B.xsd (Ver1.3)
  • ITDREIN format: 10-character PAN + 6-character code = 16 characters total
  • Report Type 01: FATCA — GIIN mandatory in Part A
  • Report Type 02: CRS — GIIN not mandatory

India-specific validation rules

  • Assessment Year: Must align with the reporting period (e.g., reporting period ending 2025-12-31 maps to AY 2026-27).
  • ITDREIN: Must be 16 characters — 10-char PAN followed by a 6-character code. A shorter second segment is a common cause of rejection.
  • TIN for legal entities: Required for US-resident legal entities in the Account Holder section.
  • ConstitutionType: Must match the entity type — e.g., C for Company, I only for Individual. Using I for a legal entity will fail.
  • Address structure: City/PostCode/State placement depends on the XSD version — verify against your Form61B.xsd.

Report Types in Form 61B

  • Report Type 01 — FATCA: GIIN is mandatory in Part A (ReportingEntity). Includes US reportable accounts.
  • Report Type 02 — CRS: GIIN is not mandatory. Includes CRS reportable accounts from participating jurisdictions.

How Novus helps

  • Generate Form61B.xsd-compliant XML from your source data.
  • Validate ITDREIN, GIIN, and TIN formats before submission.
  • Handle Report Type 01 (FATCA) and Report Type 02 (CRS).
  • Support all reportable account categories — DA, BS, and more.
  • Verify Assessment Year alignment with reporting period.

Related jurisdictions

Frequently asked questions

What is Form 61B?

Form 61B is the Indian reporting form for FATCA and CRS. Financial institutions file it electronically through the Income Tax Department portal using XML generated against the Form61B.xsd schema.

What is the correct ITDREIN format?

The ITDREIN is 16 characters: a 10-character PAN followed by a 6-character code, separated by a period. Example: AAACN1234Z.CB1012. A second segment shorter than 6 characters is invalid.

Is GIIN mandatory for Form 61B?

Yes for Report Type 01 (FATCA) — the GIIN must be reported in Part A. No for Report Type 02 (CRS).

What Report Type code should I use?

Use 01 for FATCA and 02 for CRS. These codes appear in the <ReportType> element of the StatementDetails section.

Why is my Form 61B XML being rejected?

Common causes: ITDREIN shorter than 16 characters, missing TIN for US-resident legal entities, incorrect ConstitutionType (e.g., I for a company), Assessment Year not matching the reporting period, and element ordering issues against the XSD sequence.