India receives financial info from US under FATCA: Finance MinistryFinance Ministry today said it has received information from the US under the financial information exchange pact FATCA in the last two mon...
03 Dec, 2015, 01.42 PM IST
Government notifies changes in I-T rules to comply with FATCA pactThe rules define various terms such as financial asset, financial account, excluded accounts, participating and non-participating financial...
09 Aug, 2015, 01.00 PM IST
India, US sign FATCA; pact to help detect and discourage offshore tax evasionThe Foreign Account Tax Compliance Act or FATCA was signed on Thursday by Revenue Secretary Shaktikanta Das and US Ambassador Richard Verma.
10 Jul, 2015, 05.11 AM IST
Declare overseas assets, will be difficult to hide, says Revenue Secretary Shaktikanta DasGovt asked persons holding undisclosed offshore assets to declare them before Sept 30 as it would be difficult to hide unaccounted assets i...
09 Jul, 2015, 11.30 PM IST
India likely to sign US tax compliance law FATCA on ThursdayIndia is likely to sign the inter- governmental pact for the US tax compliance law FATCA on Thursday, a move that will help it fight tax ev...
08 Jul, 2015, 10.42 AM IST
Client confidentiality will not disappear, assert Swiss banksSwiss banks today asserted that "bank-client confidentiality" will not disappear and 'automatic information exchange' is not the only solut...
19 Mar, 2015, 06.01 PM IST
India to sign tax agreement with US for sharing of informationIndia today decided to sign an agreement with the US on a tax compliance act that will enable exchange of information on cases of tax avoid...
17 Mar, 2015, 10.00 PM IST
India considering signing Inter-Governmental Agreement with USUnder the pact, financial entities will be required to report information on US account holders to the US IRS (internal revenue service) th...
17 Mar, 2015, 05.09 PM IST
Foreign Account Tax Compliance Act leads Mutual Funds to avoid fresh investments from US investorsMoreover, some MFs may even stop taking investments from NRIs till a clarity emerges over FATCA agreement between India and the US.
11 Jan, 2015, 12.25 PM IST
Financial institutions asked to register for FATCA by December 31Arun Jaitley recently said the consequences of not signing the Foreign Accounts Tax Compliance Act agreement with the US could be disastrou...
30 Dec, 2014, 10.06 PM IST
Indian firms start FATCA registration; pact yet to be signedSebi and other regulators had asked the Indian financial institutions and their overseas units to go ahead with their registration with the...
29 Dec, 2014, 05.40 PM IST
India gets a month more to sign FATCAIndia and some other countries have got one more month from the US to sign the Foreign Account Tax Compliance Act (FATCA), an agreement whi...
27 Dec, 2014, 05.17 AM IST
India gets a month more to sign FATCA with US: Revenue Secretary Shaktikanta DasUnder FATCA, US government will sign Inter-governmental Agreement (IGA) for sharing of information with various countries, including India.
26 Dec, 2014, 04.51 PM IST
Mutual funds rope in KPMG to comply with new US tax lawThe implementation of the new tax evasion law is also expected to result in increased legal and compliance costs for the mutual fund houses.
26 Aug, 2014, 02.33 PM IST
Foreign Account Tax Compliance Act will result in heightened tax scrutiny of NRIsFATCA requires all foreign financial institutions to enter into an agreement with the US government & disclose foreign account information ...
31 May, 2014, 06.40 PM IST
India concludes pact with US on tax evasion under FATCAThe 'in substance' agreement with India under Foreign Account Tax Compliance Act (FATCA) was concluded on April 11, the US Treasury said.
22 Apr, 2014, 07.31 PM IST
US eyes FATCA pact for info on Americans' assets in IndiaUS tax authorities may soon get access to all significant assets and accounts held by American citizens and companies with banks.
28 Apr, 2013, 12.43 PM IST