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security of providing information on Schedule FA (R2I from USA ciitizen)

Posted: Wed Apr 11, 2018 11:31 am
by rizmit
Schedule FA asks very detailed information about your foreign bank names and account numbers, and the Income Tax department also knows your US Social Security Number (through PAN or kYC) - is there not a concern that with such information falling into wrong hands your foreign bank account can be compromised ?

security of providing information on Schedule FA (R2I from USA ciitizen)

Posted: Wed Apr 11, 2018 10:17 pm
by GutsyGibbon
I would recommend that you put a freeze on your credit at all the three agencies before you apply for a PAN. IMHO, a SSN written on paper and mailed is certainly is certainly not safe anymore.