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
- DNA: Analysis of public pulse through survey by Zee News on Bihar elections
- Hotels selling beef should be demolished: Azam Khan
- DNA: End of ISIS? Vladimir Putin to send 1,50,000 soldiers to Syria
- Russia surprises America with accord on battling ISIS
- Panel discussion on Muslim vote bank in Bihar elections
- Neither Dadri nor Babri: India is 'Muslim woman delivering 'Ganesha' inside temple'
- Hindu girl embraces Islam to marry Shahi Imam Bukhari's son?
- Pakistan take note! Indian military 5th deadliest in the world
- Lalu Prasad Yadav debuts on Dubsmash, mocks PM Narendra Modi – Watch video
- India vs South Africa: How cricket fraternity reacted to crowd's disgraceful behaviour at Cuttack