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India, US sign IGA to implement FATCA to promote transparency on tax matters

Source: PIB, Government of India The Secretary, Department of Revenue, Ministry of Finance, Shaktikanta Das and the US Ambassador to India, Richard R. Verma signed the Inter-Governmental Agreement between India and USA for Improving International Tax Compliance and Implementing the Foreign Account Tax Compliance Act (FATCA), in New Delhi on July 09, 2015. Source: PIB, Government of India   Shaktikanta Das, Revenue Secretary of India and Richard Verma, U.S. Ambassador to India signed here today , an Inter Governmental Agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA) to promote transparency between the two nations on tax matters. The agreement underscores growing international co-operation to end tax evasion everywhere. The text of the signed agreement will be available ...