In a move sure to send shock waves through the offshore banking community, the Justice Department yesterday announced its first criminal conviction for violating the Foreign Account Tax Compliance Act ...

All bank account holders in India have to provide self-certification about their tax residence for compliance with FATCA. A bank account may be blocked in case FATCA declaration has not been made.

Come 1st May the Indian government has brought in some new rules and regulations into place to make the entire economic system more clear. FATCA or Foreign Account Tax Compliance Act are being ...

5 Questions to ask yourself on FATCA while investing in MF FATCA guidelines have been brought in especially to track the situation with respect to US citizens and whether they have been disclosing the ...

At the first meeting of the GST Council, states proposed certain formulae based on their revenues for calculating compensation while the Centre proposed compensating states if the revenue growth rate ...

The Income-Tax Department has asked financial institutions to obtain self-certification for all accounts opened between July 1, 2014, and August 31, 2015. This initiative aims to comply with the ...