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Business Standard |

07 September 2016

Many investors, in the recent months, have found that mutual fund houses have suddenly started seeking additional details of investments. The reason: The Central Board of Direct Taxes (CBDT) had given a deadline of August 31 for investors to follow the Foreign Account Tax Compliance Act or become Fatca compliant. However, while the deadline has been deferred recently, investors should still go ahead and do it. Fatca is a law that has been enacted in the United States targeting people who are 'US Persons' for tax purposes with wealth in other countries on which they wish to ...