MF News BSE Asks Mutual Funds to Provide FATCA Details of Each Client

BSE Asks Mutual Funds to Provide FATCA Details of Each Client

Source: NDTV Profit/PTI Jan 8, 2016

Mutual Fund houses will have to mandatorily provide compliance details for the new global tax avoidance law FATCA with regard to each client on the stock exchange's mutual fund trading platform.

In a circular, BSE said for each and every transaction mutual fund houses have been asked "to upload FATCA details of the client."

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