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FATCA for NRI's trading in India

Chalanachithram.com DB » New TF Industry Related » Archive through June 30, 2014 » FATCA for NRI's trading in India « Previous Next »

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Simhapuri_kurrodu
Side Hero
Username: Simhapuri_kurrodu

Post Number: 9067
Registered: 07-2008
Posted From: 205.157.110.11

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Posted on Monday, June 30, 2014 - 12:17 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Saint:




so will it bar NRIs from trading in India?
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Saint
Legend
Username: Saint

Post Number: 36598
Registered: 01-2011
Posted From: 12.22.163.132

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Posted on Monday, June 30, 2014 - 11:59 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Gotcha:


idhi US india govt nunchi teesukune information! FBAR manam US govt ki provide cehse information!
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Gotcha
Hero
Username: Gotcha

Post Number: 16370
Registered: 02-2008
Posted From: 98.227.186.192

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Posted on Monday, June 30, 2014 - 11:16 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

FBAR lantidi inkota?/
This Andhra real estate is for sale.
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Saint
Legend
Username: Saint

Post Number: 36597
Registered: 01-2011
Posted From: 12.22.163.132

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Votes: 0 (Vote!)

Posted on Monday, June 30, 2014 - 11:05 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

We value your relationship with us.
This is to bring to your kind attention that, government of the United States of America (U.S.A) has recently introduced Foreign Account Tax Compliance Act (FATCA) which requires financial intermediaries in India (including ICICI Securities Limited) to identify U.S.A account holders, perform due diligence and obtain documentary evidence wherever applicable.
Further, intermediaries are required to report details of such accounts to relevant tax authority. In order to implement FATCA norms in India, the Government of India has "in substance" agreed to sign an Inter Government Agreement (IGA) with the U.S.A.
This is applicable only in case of U.S.A persons or persons with U.S.A. indicia.
To ensure compliance with the above, we require our customers to provide few details for which a pop-up has been made available in certain sections of the website. This would not take more than a minute of yours and we would appreciate your valuable time.
If you have any questions or need help with your account, you can email us at helpdesk@icicidirect.com or call us at our Customer care numbers and we would be glad to assist you.
Regards,

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