Disclosures under FATCA, CRS should be made in rupee: Finance Ministry

NEW DELHI: Finance Ministry today said all disclosures under the FATCA and CRS should be made in rupees.

It further clarified that fixed deposits should not be treated as a separate account and must be linked to the pre- existing savings account for which KYC had already been undertaken.

“…all reporting has to be done

FULL ARTICLE http://economictimes.indiatimes.com/news/economy/policy/disclosures-under-fatca-crs-should-be-made-in-rupee-finance-ministry/articleshow/51060939.cms

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