Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
NDTV
The latest set of information shared by Swiss authorities as part of the annual automatic information exchange, was notably the fifth such tranche.
The Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said the Income Tax Department will analyse the bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under the black money Act in case any tax evasion was found.
In an exclusive interview with ANI, Nitin Gupta, who recently got an extension for nine months in tenure, said, "We have received information about bank accounts of Indian nationals and organisations in the Swiss Bank as part of the annual automatic information exchange under which Switzerland has shared particulars of nearly 36 lakh financial accounts with 104 countries."
The latest set of information shared by Swiss authorities as part of the annual automatic information exchange, was notably the fifth such tranche. The first such exchange with India took place in 2019.
