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Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

IT Dept detects undisclosed income of Rs 125 crore under FATCA

IT Department has recommended penalties under Section 43 of the Black Money Act in over 700 cases.

2 Aug 2018 2:50 PM IST

The government may shortly include Aadhaar card as a valid document for filing income tax returns. (Photo: PTI/File)

Aadhaar not mandatory to fulfill FATCA provisions

Income tax department on Thursday specified April 30 deadline for self-certification of 'foreign' accounts.

13 April 2017 5:43 PM IST

The move is expected to prompt banks to lower the deposit rate in line with the small savings rate as offered by the government.

Bank accounts face suspension: What FATCA rules say

Foreign Accounts Tax Compliance Act enables automatic sharing of investor information between signatory parties.

12 April 2017 1:06 PM IST