India has entered into a pact with Bahamas for exchange of information to check tax evasion and money laundering. An official statement said this in New Delhi. India has already signed TIEAs with Bermuda in October 2010, and it inked one with British Virgin Islands earlier this week and with the Isle of Man last week. Under the agreement with Bahamas, there is a specific provision for providing banking and ownership information and the requesting state has to provide some minimum details about the information requested. However, information is to be treated as secret and can be disclosed to only specified person or authorities, which are tax authorities or the authorities concerned with the determination of tax appeal.