Sebi asks reporting fin institutions to give certification of FATCA compliance annually

Reporting financial institutions have to give certification of their compliance with FATCA to markets regulator Sebi on an annual basis as well as put in place a system to validate information collected under this law.

The Foreign Account Tax Compliance Act (FATCA) was enacted by the US in 2010. India and the US have a tax information sharing agreement

FULL ARTICLE http://www.business-standard.com/article/pti-stories/sebi-asks-reporting-fin-institutions-to-give-certification-of-fatca-compliance-annually-118032101194_1.html

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