India, US Ink Pact for Implementation of FATCA and CRS

NEW DELHI: India and the United States have inked an inter-governmental agreement for implementation of the Foreign Account Tax Compliance Act (FATCA).

A Central Board of Direct Taxes (CBDT) release issued on THursday said that the Government of India has also joined the Multilateral Competent Authority Agreement (MCAA) for Automatic Exchange of Information as per Common Reporting Standard (CRS).

The

FULL ARTICLE http://www.newindianexpress.com/business/news/India-US-Ink-Pact-for-Implementation-of-FATCA-and-CRS/2015/12/31/article3205130.ece

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