Correct option is C
India signed an inter-governmental agreement with the United States on July 9, 2015, to implement the Foreign Account Tax Compliance Act (FATCA). This agreement is aimed at combating tax evasion by enabling the automatic exchange of financial information between the two countries.
Information Booster
FATCA requires foreign financial institutions to report information about accounts held by U.S. taxpayers to the U.S. government, thereby promoting greater transparency in cross-border tax compliance.
Additional Knowledge
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France, Germany, and England: These countries have similar tax agreements with the U.S., but the July 2015 agreement was specifically between India and the U.S.
