News From Press FATCA deadline extension cheers Mutual Fund investors

FATCA deadline extension cheers Mutual Fund investors

Source: Economic Times Sep 2, 2016

Mutual fund investors who haven't completed the formalities of complying with FATCA or Foreign Account Tax Compliance Act can breathe easy. Your mutual fund accounts would not be closed by the fund houses for now. The government has asked financial institutions to not close accounts which are not FATCA compliant for a while. The deadline to comply with FATCA was August 31. A press release from the government said it will announce the new deadline in due course.

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