US and India sign FATCA

Q.  With which country India has signed Inter Governmental Agreement to implement the Foreign Account Tax Compliance Act (FATCA) on 9th July’15?

- Published on 24 Jul 15

a. Kazakhstan
b. United States
c. Russia
d. China

ANSWER: United States
 
The agreement will promote transparency on tax matters. Revenue Secretary Shaktikanta Das and U.S. Ambassador to India Mr. Richard Verma signed the agreement in New Delhi on 9th July’15.

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