Clarification for implementation of FATCA and CRS

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....larification for implementation of FATCA and CRS <br>News and Press Release<br>Dated:- 19-2-2016<br><BR>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 Reporti....

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....ng 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 feedba....

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....ck 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) Pr....

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