Mutual fund investors, bank account holders and those who have invested in insurance schemes may face a freeze if they don't comply.

In 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.

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...

However, any further transactions would be permitted for these accounts only after the regulatory requirements are met to lift the 'freezin...

All that fund houses want to know is whether investors pay taxes or have a tax residency in a country other than India.

The Association of Mutual Funds in India is working on a common procedure involving leading MF transfer agents such as CAMS to make complia...

In the absence of declaration, RFIs (reporting financial instutions) will need to close the accounts and report their information as 'repor...

India 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 is likely to sign the inter-governmental pact for the US tax compliance law FATCA early next month, a government official said here t...

Under the pact, financial entities will be required to report information on US account holders to the US IRS (internal revenue service) th...

Moreover, some MFs may even stop taking investments from NRIs till a clarity emerges over FATCA agreement between India and the US.

Arun Jaitley recently said the consequences of not signing the Foreign Accounts Tax Compliance Act agreement with the US could be disastrou...

Sebi and other regulators had asked the Indian financial institutions and their overseas units to go ahead with their registration with the...

India and some other countries have got one more month from the US to sign the Foreign Account Tax Compliance Act (FATCA), an agreement whi...

The implementation of the new tax evasion law is also expected to result in increased legal and compliance costs for the mutual fund houses.

Two firms, which are currently implementing solution in the N American markets, are now bringing their FATCA solution to Australia and New ...

US tax authorities may soon get access to all significant assets and accounts held by American citizens and companies with banks.