Clarification for implementation of FATCA and CRS

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..... Clarification for implementation of FATCA and CRS
News and Press Release
Dated:- 19-2-2016

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes .....

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..... PRESS RELEASE New Delhi, 19 February, 2016 Subject: Clarification for implementation of FATCA and CRS -regarding An Inter-Governmental Agreement between India and USA was signed for implementation .....

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..... of Foreign Account Tax Compliance Act (FATCA). The Government of India has also joined the Multilateral Competent Authority Agreement (MCAA) for Automatic Exchange of Information as per Common Report .....

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..... ing Standard (CRS). To provide guidance for implementation of FATCA and CRS, A Guidance Note was released on 31st August 2015 which was subsequently updated on 31.12.2015. Based on comments and feedb .....

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..... ack received from the financial institutions, a clarification has been iss ued on February, 2016.The same has been placed on the Income-tax website http://www.incometaxindia.gov.in. (Shefali Shah) P .....

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..... r. Commissioner of Income Tax (Media and Technical Policy) & Official Spokesperson, CBDT
News - Press release - PIB .....

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