India extends FATCA due diligence deadline for accounts that become high-value

The Indian government has today announced that it has extended FATCA due diligence deadlines in some cases.

The timeline for completing the due diligence procedure for a reportable account referred to in Rule 114H(3)(d)(ii), namely, for a US reportable account which is a low value account, is extended to December 31, 2016, in cases where the account becomes a



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