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United States of America (U.S.A) has recently introduced Foreign Account Tax Complian

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  • United States of America (U.S.A) has recently introduced Foreign Account Tax Complian

    This is to bring to your kind attention that, government of the United States of America (U.S.A) has recently introduced Foreign Account Tax Compliance Act (FATCA) which requires financial intermediaries in India (including ICICI Securities Limited) to identify U.S.A account holders, perform due diligence and obtain documentary evidence wherever applicable.
    Further, intermediaries are required to report details of such accounts to relevant tax authority. In order to implement FATCA norms in India, the Government of India has "in substance" agreed to sign an Inter Government Agreement (IGA) with the U.S.A.
    This is applicable only in case of U.S.A persons or persons with U.S.A. indicia.
    To ensure compliance with the above, we require our customers to provide few details for which a pop-up has been made available in certain sections of the website. This would not take more than a minute of yours and we would appreciate your valuable time.
    Founder & Creative Mind of Megrisoft
    www.indiabook.com
    Business
    Please Do Not Spam Our Forum
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