India gets first tranche of Swiss bank account details under automatic exchange framework
India has got first tranche of swiss bank account details of its nationals under a new automatic information exchange pact, a major milestone in the government’s fight against black money stashed abroadIndia is among 75 countries with which Switzerland’s Federal Tax Administration (FTA) has exchanged information on financial accounts within the framework of global standards on AEOI, an FTA spokesperson told DINThe next exchange would take place in September 2020, the spokesperson addedThis is the first time that India has received details from Swiss authorities under the AEOI framework, which…
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