September 1, 2019 8:17 AM

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Tax authorities to get Swiss banking details of Indians from today

<p style="margin: 0px; text-align: justify;"><span style="font-size: 10pt;">Banking details of Indians with accounts in Switzerland will be available to tax authorities from today. </span></p> <br />'' In a series of tweet, Central Board of Direct Taxes (CBDT) said, this will be a significant step in the government's fight against black money as the era of Swiss bank secrecy will finally be over. <br />'' <br />'' It said, the first automatic exchange of financial account information under Common Reporting Standard will start from this month. <br />'' <br />'' India will receive information for 2018 in respect of all financial accounts held by Indian residents in Switzerland. The CBDT frames a policy for the Income-Tax Department.<br />''  

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