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Foreign Account Tax Compliance Act News

26 Jul 2016

Investor account to earn benefits on freezed accounts too: AMFI

Mutual funds industry body Amfi has said the investor accounts would continue to earn the returns and other benefits accruing even when the folios are 'freezed'.

12 Jul 2015

Blackmoney: CBDT rejigs committee to handle FATCA cases

Through an order issued days before FATCA was signed by the two countries on July 9, the CBDT has increased the strength of the panel from existing seven to eight members.

09 Jul 2015

Info under FATCA confidential, to be used for tax purposes

The information shared under the FATCA, which India signed with the US Thursday, will be treated as confidential and will be used only for tax purposes.

Foreign Account Tax Compliance Act

17 Mar 2015

India considering signing Inter-Governmental Agreement with US

India is considering signing an agreement with the US to make Indian financial institutions complaint with Foreign Account Tax Compliance Act (FATCA), Minister of State for Finance Jayant Sinha informed Parliament Tuesday.

11 Jan 2015

FATCA leads MFs to avoid fresh investments from US investors

Stringent compliance requirements under the Foreign Account Tax Compliance Act of the US have led to several mutual fund houses avoiding fresh investments from American investors.

26 Dec 2014

India gets a month more to sign FATCA with US: Das

India and some other countries have got one more month from the US to sign the Foreign Account Tax Compliance Act (FATCA), an agreement which seeks to facilitate flow of financial information.

13 Jul 2014

BNP, tax evasion: US still dictates its economic law

According to this expert, the world`s leading economic power still wields "considerable leverage" thanks to the dollar, the world`s reserve currency.

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