Tag Archives: Rule 114H (8)

FATCA- Timelines for Closure of financial accounts under Rule 114H (8) of Income-tax Rules, 1962

By | April 11, 2017

Timelines for Closure of financial accounts under Rule 114H (8) of the Income-tax Rules, 1962 under alternative procedure of FATCA The Inter-Governmental Agreement (IGA) with USA for implementation of FATCA entered into force on 31st August 2015. Under the alternative procedure provided in Rule 114H(8) of the Income-tax Rules, 1962, the financial institutions need to… Read More »