Give FATCA info by 31 Aug or face account freeze

Mutual fund (MF) investments worth Rs 1.1 lakh crore are at the risk of being frozen over non-compliance with tax information sharing law FATCA (Foreign Account Tax Compliance Act).

India has signed an inter-governmental agreement with the US for implementing FATCA, which is part of an anti-tax evasion regime designed to locate income and assets

FULL ARTICLE http://economictimes.indiatimes.com/wealth/personal-finance-news/give-fatca-info-by-31-aug-or-face-account-freeze/articleshow/53351487.cms

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