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India To Start Getting Information On Swiss Bank Accounts

1/3/2019 4:18:03 PM
written By : Team India Se Print

India will start getting from Switzerland this year information about financial accounts held by Indians in Swiss banks, the government said on Wednesday (December 2).

Minister of State for External Affairs VK Singh said this in the Lok Sabha in reply to a question. He said the India-Switzerland tax treaty facilitates receipt of information on request for cases under investigation.

“In addition, from 2019, India will receive on automatic basis information in respect of financial accounts held by Indian residents in Switzerland. The information received on request or on automatic basis may include information about individuals allegedly involved in corruption,” he said.


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