FinMin eases reporting rules for FATCA

The finance ministry has eased certain rules in reporting by financial institutions to comply with an agreement between India and the US for implementing the Foreign Account Tax Compliance Act (FATCA).

Financial institutions had told the government it was difficult to take physical self-certification from the subscribers. Heeding to the complaint, the ministry allowed obtaining of

FULL ARTICLE http://www.business-standard.com/article/economy-policy/finmin-eases-reporting-rules-for-fatca-116052800038_1.html

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