FATCA stands for __________. Options: A . &nbspFully Authorised Tax Compliance Act B . &nbspFinancial Account Transaction Compliance Act C . &nbspForeign Account Transaction Compliance Act D . &nbspForeign Account Tax Compliance Act

FATCA stands for _________

Question

FATCA stands for __________.

Options:

A . Fully Authorised Tax Compliance Act

B . Financial Account Transaction Compliance Act

C . Foreign Account Transaction Compliance Act

D . Foreign Account Tax Compliance Act

Answer: Option D

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.

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