Corporate Transparency Act 2024 Exemptions In India. The most important exemptions are these: The corporate transparency act (cta) 2024 outlines 23 exemptions for entities that do not need to file a beneficial ownership information (boi) report with fincen.
Unless exempt, domestic and foreign entities are required to report to fincen if they are. The cta exempts 23 types of companies from the reporting requirements.