If you are an Indian living in the United States (US) either with a green card or an American passport you must know about FATCA. If you have either of the two and have undeclared property or wealth in India it is even more important that you understand how the Foreign Account Tax Compliance Act (FATCA) between Washington and Switzerland can affect you. If you remain stubbornly ignorant, here’s the bad news for you – in June 2014, India agreed in substance to being included in the FATCA list which now comprises most countries in the world.
