India added to FATCA list

02-Oct-2015 #India-US Source: Economic Times
Foreign Account Tax Compliance Act (FATCA) is a list of countries with whom US shares information. India has now been added to this list of 34 countries. This would cover sharing of information of bank accounts and other instruments like Mutual Funds, Insurance and Equities automatically. This will help India to fight against the unaccounted and black money.
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