#Bankingdetails

[india24x7news-blog]

Swiss Bank tomorrow will disclose the list of

The CBDT said in a statement, "India will also get information about the accounts of Indian citizens in Switzerland closed in 2018." CBDT makes policies for the Income Tax Department. The list of Swiss bank accounts will be revealed. The list will be available with tax authorities. New Delhi: Information of Swiss bank accounts of Indians will be with the tax department of India from Sunday. With the effect of automatic exchange of banking information between India and Switzerland coming into effect, there is a possibility of revealing of secrets on Swiss bank accounts of Indians. The Central Board of Direct Taxes (CBDT) has termed this move as very important against the fight against black money. The board has said that a period of 'secrecy involving Swiss bank' will end from September. CBDT makes policies for Income Tax Department.

Swiss Bank tomorrow will disclose the list of "Black Money" hoarders to Indian Tax Authorities. India 24x7 News The CBDT has said that a Swiss delegation who came to India just before the system of information exchange began, between 29-30 August, Revenue Secretary AB Pandey, Board Chairman PC Modi and Board Member (Legislative) Akhilesh Ranjan Had a meeting with The Swiss delegation was led by Nicholas Mario, deputy head of the tax department at Switzerland's state secretariat for international finance affairs. Automatic exchange of financial accounts information (AEOI) is starting from September. CBDT has said in the statement, "India will also get information about the accounts closed in 2018 of Indian citizens in Switzerland." In the last 5 years, the Modi government has taken many important decisions related to demonetisation and benami property to tighten the blackmoney. Now in the second term of the government, the news that has come about black money is going to give some relief. In fact, the curtain is going to be raised tomorrow from the Indians who have bank accounts in Swiss banks. Information about Indian citizens holding bank accounts in Switzerland will be available with the tax authorities from tomorrow. Taking this step, the Central Board of Direct Taxes (CBDT) said, "The government's fight against black money is an important step and the era of privacy of Swiss banks will finally come to an end by September." CBDT makes policy for Income Tax Department. At the same time, CBDT said that India will also get information about the accounts of Indian citizens in Switzerland closed in the year 2018. The CBDT says that just before this system of information exchange began, a Swiss delegation from India met with Revenue Secretary AB Pandey, Board Chairman PC Modi and Board Member (Legislative) Akhilesh Ranjan. The delegation, which came from 29–30 August, was led by Nicholas Mario, deputy head of the tax department at the State Secretariat for International Finance Affairs, Switzerland. How much is the black money? This year a report of the Standing Committee on Finance was presented in the Lok Sabha in June. According to this, during the 30 years between 1980 and 2010, black money was sent outside the country through Indians for about 246.48 billion rupees i.e. 17,25,300 crores to $ 490 billion rupees 34,30,000 crores. Read the full article