Why did Zerodha send an email asking to update the Tax Identification Number (TIN)?

The Income Tax Department (ITD) has requested Zerodha to collect a valid Tax Identification Number (TIN) from clients who have submitted incorrect or invalid TINs. A valid TIN is required to comply with the reporting requirements set by the ITD and to avoid penalties.

To update the Tax Identification Number (TIN), follow these steps:

Login to account.zerodha.com/account.
Click on FATCA.
Select the income details, occupation and political exposure.
Click on Yes, I do under Do you have tax residence in any other country than India? ¹
Enter the city of birth and select the country.
Select the country under Other country of tax residence.
Enter the Tax Identification Number. TINs for all countries can be found by visiting oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/tax-identification-numbers/.
Click on Continue.

Note

¹ If your country does not issue a Tax Identification Number (TIN) or you are a seafarer, click No under Do you have any other country of tax residence? Then, proceed to submit the request.

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