Accounted for a larger share in the years leading up to Covid-19
This would only be after banks across the country commence functioning on May 2
On August 31, 2016, CBDT indefinitely extended deadline for complying with FATCA
On Aug 31, 2016, IT dept indefinitely extended deadline for complying with self-certification norm
It is especially important for US-based non-resident Indians who want to invest in India
The ministry allowed obtaining of self-certification through internet banking platform
Finance Ministry said that FATCA is an 'inequitable system'
All upcoming Fatca reporting in May 2016 will have to be done in rupees