Page 8 - Automatic Exchange News Today

The New Zealand Tax Podcast – Terry Baucher reviews the Inland Revenue Annual Report, finding some good gains, and other areas that might need a major policy rethink

Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.

The Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said the Income Tax Department will analyse the bank accounts of Indian nationals and

India has received a new set of Swiss bank account details as part of an annual automatic information exchange. Switzerland has shared information on nearly 3.6 million financial accounts with 104 countries. This is the fifth such exchange between Switzerland and India, with the new details including hundreds of accounts associated with individuals, corporates, and trusts.

The exchanged information allows tax authorities to verify whether taxpayers have correctly declared their financial accounts in their tax returns

India gets 5th set of Swiss bank account details under the automatic info exchange framework. Officials did not divulge the amount involved in the information.

The details that have been shared include identification, account and financial information, including name, address, country of residence and tax identification number, as well as information concerning the reporting financial institution, account balance and capital income.

India has recently acquired a new tranche of financial information from Swiss bank accounts belonging to its citizens and various organizati... | News Track

India News: India has received a new set of Swiss bank account details as part of an annual automatic information exchange. Switzerland has shared details of near

India has received a fresh batch of Swiss bank account details belonging to its nationals and organizations, as part of the annual automatic information exchange program, according to the PTI report. Under this initiative, Switzerland has shared information on nearly 36 lakh (3.6 million) financial accounts with 104 countries. This marks the fifth consecutive year of such data exchange between Switzerland and India., Economy News, Times Now