Block accounts that do not provide self certification by April 30 for …

The Finance Ministry has said that accounts of those individuals who do not provide self-certification by April 30 to comply with FATCA provisions would be blocked.

“This would mean that the financial institution would prohibit the account holder from effecting any transaction with respect to such accounts,” said the Central Board of Direct Taxes on Tuesday, adding that

FULL ARTICLE http://www.thehindubusinessline.com/economy/policy/block-accounts-that-do-not-provide-self-certification-by-april-30-for-fatca-cbdt/article9629558.ece

Tagged:

Comments are closed.