FATCA - India has signed an in substance agreement to implement - TopicsExpress

FATCA - India has signed an in substance agreement to implement the US Foreign Accounts Tax Compliance Act. It is an inter-governmental agreement of the Model 1 type under which Indian financial entities will have to report their American clients to Indias tax authorities, which will then forward the information annually to the US Internal Revenue Service. Read more from The Hindu here: bit.ly/1nUYfi9

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