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News INCOME TAX

  • Aug 28, 2015
  • CBDT notifies procedures for financial institutions to file info under FATCA

    The Central Board of Direct Taxes (CBDT) has notified the procedure for financial institutions to register and submit information under the Foreign Account Tax Compliance Act (FATCA), under which the US and India would get automatic exchange of information on tax evaders from September 30.However, the procedures notified on August 25 came just ahead of the due date of filing information under FATCA by August 31.

    Source - http://www.business-standard.com