FM likely to extend FATCA deadline to spare MFs from Rs 1L cr redemption

NEW DELHI: Mutual fund houses are staring at the possibility of as much as Rs 1.08 lakh crore redemption if they do not meet the August 31, 2016 Fatca (Foreign Account Tax Compliance Act) deadline. But industry watchers are hopeful that the Finance Ministry will extend the deadline.

The declaration is common for all accounts

FULL ARTICLE http://economictimes.indiatimes.com/markets/stocks/news/fm-likely-to-extend-fatca-deadline-to-spare-mfs-from-rs-1l-cr-redemption/articleshow/53283016.cms

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