Sebi asks reporting fin institutions to give certification of FATCA …

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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