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India Gets Second Set Of Swiss Bank Account Details
By: Tupaki Desk | 10 Oct 2020 6:41 AM GMT
India got the second set of Swiss bank account details of Indians rnnationals and entities, who are allegedly holding black money. The rnSwitzerland authorities have shared details as part of a confidential rnagreement signed between the two countries.
According to reports,rn the data will be examined by the Indian officials to see if there are rnany irregularities in these bank accounts.
India had received thern first set of details in September 2019 under AEOI (Automatic Exchange rnof Information), when it involved 75 countries.
India and rnSwitzerland had signed a joint declaration on the introduction of rnAutomatic Exchange of Information tax matters on November 22, 2016, on arn reciprocal basis.
The data exchange this year involved nearly 3.1 million accounts. The number of before-mentioned accounts was similar in 2019.
According to reports,rn the data will be examined by the Indian officials to see if there are rnany irregularities in these bank accounts.
India had received thern first set of details in September 2019 under AEOI (Automatic Exchange rnof Information), when it involved 75 countries.
India and rnSwitzerland had signed a joint declaration on the introduction of rnAutomatic Exchange of Information tax matters on November 22, 2016, on arn reciprocal basis.
The data exchange this year involved nearly 3.1 million accounts. The number of before-mentioned accounts was similar in 2019.
