India concluded an agreement with the US under its Foreign Account Tax Compliance Act (FATCA) to combat possible tax evasions by Americans through Indian financial entities. Securities and Exchange Board of India (SEBI) will issue guidelines for market intermediaries for the same this fiscal. FATCA, which became a law in 2010, came into effect in July 2014 after signing of … [Read more...] about India Concludes Pact With US On Tax Evasion
Double Taxation Avoidance Agreement (DTAA)
P. Chidambaram Threatens Action Against Switzerland at G20 Forum
Switzerland has failed to share information, says Chidambaram Outgoing Finance Minister P. Chidambaram threatened action against Switzerland at G20 forum for its persistent denial to share information about Indians who have stashed money in Swiss banks. The G20 can impose sanctions for the protection of the member countries’ public finances and financial … [Read more...] about P. Chidambaram Threatens Action Against Switzerland at G20 Forum