Disclosures under FATCA, CRS should be made in rupee: FinMin

Disclosures under FATCA, CRS should be made in rupee: FinMin

Finance Ministry 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

FULL ARTICLE http://www.moneycontrol.com/news/economy/disclosures-under-fatca-crs-should-be-maderupee-finmin_5572241.html

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