News for ' Fatca'

Identity of 427 account holders abroad has been established and 250 of them have admitted to having accounts, Finance Minister Arun Jaitley revealed on Wednesday while asserting that the government...

The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the "high-risk" cases identified for non-disclosure of foreign assets in the income tax returns...

In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India. Kindly note...

To check offshore tax evasion, India and the US on Thursday signed an agreement to implement FATCA that will facilitate exchange of information between the two countries from October 1. The Foreign...

  Fatca was passed in 2010, as a crackdown on tax evasion through offshore investments by US residents. One in every 10 mutual fund folios (accounts) in this country is yet to comply with the...

A Sebi circular dated June 30, 2014, said that the Indian government has agreed (in substance) to FATCA but a formal agreement is yet to be signed. Photograph: Romeo Ronaco/Reuters What is FATCA?...