Indian Govt To Get Swiss Account Details His Month
Indian Govt to get Swiss Account details his month
NEW DELHI: The government will start receiving details of Indians holding bank accounts in Switzerland this month as the first automatic exchange of financial information under the common reporting standards between the two countries comes into operations, tax officials said.
This will be a major boost to the government's fight against black money and comes after several rounds of negotiations between the two countries.
"India will receive information about the calendar year 2018 in respect of all financial accounts held by Indian residents in Switzerland. The era of Swiss bank secrecy will finally be over," the I-T department said. A Swiss delegation led by Nicolas Mario Luscher, deputy head of tax division, state secretariat for international finance called on revenue secretary Ajay Bhushan Pandey and officials of the central board of direct taxes.
ನಿರಂತರ ಪರಿಶ್ರಮದ ಬಳಿಕ ಕೇಂದ್ರ ಸರ್ಕಾರಕ್ಕೆ ಗೆಲುವು - ಇಂದಿನಿಂದ ಸ್ವಿಸ್ ಬ್ಯಾಂಕ್ ಖಾತೆದಾರರ ಮಾಹಿತಿ ಲಭ್ಯ - ಭಾರತೀಯರ ಮಾಹಿತಿ ಸಂಗ್ರಹಿಸಲಿರುವ ಕೇಂದ್ರ ಸರ್ಕಾರ - ಕಪ್ಪು ಹಣ ಕೂಡಿಟ್ಟಿರುವವರ ಬಗ್ಗೆ ಮಾಹಿತಿ ಲಭ್ಯವಾಗಲಿದೆ - ತೆರಿಗೆ ವಂಚಕರ ಮೇಲೆ ಕ್ರಮ ಕೈಗೊಳ್ಳಲು ಸುಲಭವಾಗಲಿದೆ