Hi
Just learnt about this yet another new authority who is there to collect small tax/cess/surcharge/slice off your investment pie in name of regulating industry that is wholly controlled by obtuse and confusing names anyway
Authority is AMFI http://ift.tt/2b3IpWh
and requires that any person investing in Mutual fund in India make a declaration to Tax authority of United States of America under the act named
Foreign Account Tax Compliance Act
Just learnt about this yet another new authority who is there to collect small tax/cess/surcharge/slice off your investment pie in name of regulating industry that is wholly controlled by obtuse and confusing names anyway
Authority is AMFI http://ift.tt/2b3IpWh
and requires that any person investing in Mutual fund in India make a declaration to Tax authority of United States of America under the act named
Foreign Account Tax Compliance Act
Mutual fund kaa FATCA
