New Delhi:
India will soon get access to Swiss bank accounts.
The new tax treaty signed by India with Switzerland has got the nod from a Swiss parliamentary committee.
The revised bilateral treaty will come into force soon.
The new terms of the amended Indo-Swiss tax treaty will allow Indian authorities to get information on accounts more easily.
But this new treaty will only act as a deterrence to future tax evasions. Though it will be tougher to get information on old transfers.
The new tax treaty signed by India with Switzerland has got the nod from a Swiss parliamentary committee.
The revised bilateral treaty will come into force soon.
The new terms of the amended Indo-Swiss tax treaty will allow Indian authorities to get information on accounts more easily.
But this new treaty will only act as a deterrence to future tax evasions. Though it will be tougher to get information on old transfers.
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