Saturday, 31 August 2019

'Era of Swiss bank secrecy to end': India to get a/c info from tomorrow

September 1 onwards the banking details of Indians with accounts in Switzerland will be available to tax authorities as the automatic exchange of information regime kicks off between the two countries. The move, the Central Board of Direct Taxes said, is a significant step in govt's fight against black money and era of "Swiss bank secrecy" will finally be over.

from Times of India https://timesofindia.indiatimes.com/india/india-to-get-swiss-banking-details-of-its-nationals-from-tomorrow/articleshow/70925825.cms
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