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Icici Fatca Form for Non Individual

Icici Fatca Form for Non Individual

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Instructions and help about Icici Fatca Form For Non Individual

can nris based out of us invest in Indian mutual funds yes nris based out of USA can invest in Indian mutual funds but however all AMCs don't allow Investments for us-based nris most of them don't have a uniform policy to deal with us-based clients mutual fund Investments are simple for nris as it is simple for residents also but do you know that us-based nris are treated differently this is because of the cumbersome compliance requirements under the foreign account tax compliance act which is also known as fatka now what is fatka under fatka it is compulsory for all financial institutions to share details of all transactions including US citizens including nris and including any foreign citizen with the US government taxed at us residency fatka ensures that there is no celebrate tax evasion on the income generated by US citizens overseas now India has signed an intergovernmental agreement with USA on July 9th 2015 for improving International tax compliance and implemen

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