Black money: First round of India-Swiss talks in Geneva
Jalandhar: Indian and Swiss officials will meet in Geneva in December for talks on ways to get information on flow of black money from here into that country, a senior tax authority said on Monday.
"We are going to meet the Swiss authorities at Geneva in
December this year to discuss the issue of alleged black money
deposited in Swiss banks and look for how the information
could be provided to India through review of double taxation
treaty", Central Board of Direct Taxes (CBDT) Chairman S S N
Murthy told reporters here.
A review and upgrade of the Double Taxation Avoidance
Treaty between the two countries could help India seek
information regarding black money.
In August this year, Switzerland agreed to give details
of 4,450 numbered accounts to US revenue authorities after
they established that tax evaders had parked money in Swiss
To a question on the possibility of Voluntary Disclosure
Scheme (VDS), Moorthy said: "As far as I am concerned, I am
not aware of any such scheme (VDS) in the pipeline."
More from India
More from World
More from Sports
More from Entertaiment
- Panel discussion over vote bank politics on Hinduism
- DNA: Terrorists' new strategy of snatching weapons from Indian security personnel
- Panel discussion over delayed development in Ayodhya
- Don't give any importance to Ramgopal Yadav's remarks: Mulayam Singh Yadav
- Watch: Report on delayed development in Ayodhya
- Pakistan's brutality exposed; `Black Day` protesters thrashed in PoK - Video goes viral
- WATCH: Akhilesh Yadav's emotional speech revealing the real reason behind Samajwadi Party crisis; he was about to cry
- Pakistan High Commission staffer, briefly detained for espionage, asked to leave India in 48 hours
- India vs New Zealand: Awestruck Kiwis witness MS Dhoni driving his Hummer in Ranchi, and photo goes viral
- Naya Bazar explosion: Home Ministry seeks report from Delhi Police; one dead, 5 injured