Blackmoney: CBDT rejigs committee to handle FATCA cases

Last Updated: Sunday, July 12, 2015, 13:42

Through an order issued days before FATCA was signed by the two countries on July 9, the CBDT has increased the strength of the panel from existing seven to eight members.

Info under FATCA confidential, to be used for tax purposes

Last Updated: Thursday, July 9, 2015, 22:34

The information shared under the FATCA, which India signed with the US Thursday, will be treated as confidential and will be used only for tax purposes.

India considering signing Inter-Governmental Agreement with US

Last Updated: Tuesday, March 17, 2015, 18:05

India is considering signing an agreement with the US to make Indian financial institutions complaint with Foreign Account Tax Compliance Act (FATCA), Minister of State for Finance Jayant Sinha informed Parliament Tuesday.

FATCA leads MFs to avoid fresh investments from US investors

Last Updated: Sunday, January 11, 2015, 12:32

Stringent compliance requirements under the Foreign Account Tax Compliance Act of the US have led to several mutual fund houses avoiding fresh investments from American investors.

India gets a month more to sign FATCA with US: Das

Last Updated: Friday, December 26, 2014, 17:04

India and some other countries have got one more month from the US to sign the Foreign Account Tax Compliance Act (FATCA), an agreement which seeks to facilitate flow of financial information.

Soon, US to get info on Americans' assets in India

Last Updated: Sunday, April 28, 2013, 13:05

US tax authorities may soon get access to all significant assets and accounts held by American citizens and companies with banks and other financial sector entities in India, and a draft inter-government agreement in this regard is currently being vetted by the SEBI.