India issues notification on an amendment to the Income Tax to incorporate FATCA reporting

On 7 August 2015, the Indian Central Board of Direct Taxes announced that it had amended the Income-tax Rules, 1962, to incorporate the reporting requirements within the provisions of the India-US FATCA IGA (Link).  The amendment also includes instructions and details regarding Form 61B which will be used by Indian financial institutions to perform their required FATCA reporting.

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