Government has extended the date for reporting details of accounts under Foreign Account Tax Compliance Act (FATCA) by six months to December 31, 2016.An official release said, Central Board of Direct Taxes (CBDT) also excluded 'withholding foreign partnership (WP) and withholding foreign trusts (WT)' from the purview of FATCA reporting norms on Wednesday.India and US in July 2015 signed an Inter-GovernmentalAgreement to implement the FATCA in India.According to the agreement, foreign financial institutions in India are required to report tax information about US account holders to the Indian government which will, in turn, relay that information to the US Internal Revenue Service.