Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 2120)
2120.
FATCA stands for __________.
Fully Authorised Tax Compliance Act
Financial Account Transaction Compliance Act
Foreign Account Transaction Compliance Act
Foreign Account Tax Compliance Act
Answer: Option
Explanation:
FATCA stands for Foreign Account Tax Compliance Act. It is an agreement signed between India and United States (US). FATCA compliance is basically a 'self-declaration' to provide details about account holder's tax residency to the financial entity.
Discussion:
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