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FATCA COMPLIANCE
Is tax-exempt income in India also exempt in the US for NRI?ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accoun...- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- Credit cards for NRIs and H-1B workers: Check features, fees, documents required and benefitsNon-resident Indians can now get credit cards in India. These cards offer benefits for spending both in India and abroad. Several banks lik...
- You need to file your FATCA compliance to banks by April 30 to avoid an account freezeMutual fund investors, bank account holders and those who have invested in insurance schemes may face a freeze if they don't comply.
- Is your mutual fund account FATCA compliant? If not, it may be blocked after April 30In case of non-compliance by May 1, accounts will be blocked i.e. no transactions will be allowed in such non-compliant accounts this date.
- Learn with ET Mutual Funds: What is FATCA in MFs?If you are a mutual fund investor, you must be getting messages from your distributor or fund house, requesting you to be FATCA compliant b...
- Investor account to earn benefits on freezed accounts too: AMFIHowever, any further transactions would be permitted for these accounts only after the regulatory requirements are met to lift the 'freezin...
- Give FATCA info by 31 Aug or face account freezeAll that fund houses want to know is whether investors pay taxes or have a tax residency in a country other than India.
- Rs 1 lakh crore of Mutual Fund investments may be frozenThe Association of Mutual Funds in India is working on a common procedure involving leading MF transfer agents such as CAMS to make complia...
- FM likely to extend FATCA deadline to spare MFs from Rs 1L cr redemptionIn the absence of declaration, RFIs (reporting financial instutions) will need to close the accounts and report their information as 'repor...
- 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...
- India likely to sign FATCA pact in early July: Finance Ministry officialIndia is likely to sign the inter-governmental pact for the US tax compliance law FATCA early next month, a government official said here t...
- 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...
- 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.
- 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...
- 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...
- 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...
- 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.
- Mahindra Satyam, Dion to jointly offer software solutionsTwo firms, which are currently implementing solution in the N American markets, are now bringing their FATCA solution to Australia and New ...
- 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.
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