Swiss Bank Account Holders

Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.

This marks the second consecutive year of decline in aggregate funds of Indian clients with all Swiss banks.

India has got first chunk of Swiss bank account details of its nationals under a new automatic information exchange pact, a major milestone in the government's fight against black money stashed abroad.

India will start receiving from Switzerland this year information relating to financial accounts held by Indians in Swiss banks, government said Wednesday.

In a big step towards fighting black money stashed overseas, Switzerland today agreed to automatic sharing of information with India on Swiss bank accounts of Indians as of September 2018 and onwards.

At least four Indians figured in the list of unclaimed bank accounts made public by Switzerland today, which contains over 2,600 accounts and 80 safe deposit boxes.

As India tries to uncover who has stashed untaxed money abroad, Switzerland is, in an unusual deviation from its super-secretive banking rules, releasing the names of people who are being investigated for alleged tax evasion in their countries of origin.

Industrialist Yash Birla is among seven Indians whose names have been disclosed by Switzerland where officials are revealing bank account holders who are being investigated in their countries for alleged tax evasion.

Herve Falciani, who famously leaked information related to thousands of illicit bank account holders at HSBC in Geneva was indicted by Swiss authorities on Thursday for industrial espionage, breach of trade and banking secrecy.

Herve Falciani, who famously leaked information related to thousands of illicit bank account holders at HSBC in Geneva, was indicted by Swiss authorities on Thursday for industrial espionage and breach of trade and banking secrecy.

Can share information on account holders if given prima facie proof of tax evasion, but not give entire list of account holders, Switzerland Ambassador tells India.

A list of 627 Indians with bank accounts at HSBC in Switzerland has been given in a sealed envelope to the Supreme Court, which yesterday sharply rebuked the government for its handling of attempts to recover untaxed or black money stashed abroad.

The government will write to Swiss authorities for details of Indian tax defaulters who have allegedly stashed their wealth in secret accounts.

The entities under watch include individuals whose names figure in a list of over 700 Swiss bank account holders, as also the bankers and associates related to certain banks whose Switzerland-based branches are under scanner.

The Income Tax department, probing the secret list of account holders in the Geneva branch of HSBC bank, has approached Swiss revenue authorities for banking data of certain individuals after investigations showed some of them reportedly had other accounts under fictitious names.

Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.

This marks the second consecutive year of decline in aggregate funds of Indian clients with all Swiss banks.

India has got first chunk of Swiss bank account details of its nationals under a new automatic information exchange pact, a major milestone in the government's fight against black money stashed abroad.

India will start receiving from Switzerland this year information relating to financial accounts held by Indians in Swiss banks, government said Wednesday.

In a big step towards fighting black money stashed overseas, Switzerland today agreed to automatic sharing of information with India on Swiss bank accounts of Indians as of September 2018 and onwards.

At least four Indians figured in the list of unclaimed bank accounts made public by Switzerland today, which contains over 2,600 accounts and 80 safe deposit boxes.

As India tries to uncover who has stashed untaxed money abroad, Switzerland is, in an unusual deviation from its super-secretive banking rules, releasing the names of people who are being investigated for alleged tax evasion in their countries of origin.

Industrialist Yash Birla is among seven Indians whose names have been disclosed by Switzerland where officials are revealing bank account holders who are being investigated in their countries for alleged tax evasion.

Herve Falciani, who famously leaked information related to thousands of illicit bank account holders at HSBC in Geneva was indicted by Swiss authorities on Thursday for industrial espionage, breach of trade and banking secrecy.

Herve Falciani, who famously leaked information related to thousands of illicit bank account holders at HSBC in Geneva, was indicted by Swiss authorities on Thursday for industrial espionage and breach of trade and banking secrecy.

Can share information on account holders if given prima facie proof of tax evasion, but not give entire list of account holders, Switzerland Ambassador tells India.

A list of 627 Indians with bank accounts at HSBC in Switzerland has been given in a sealed envelope to the Supreme Court, which yesterday sharply rebuked the government for its handling of attempts to recover untaxed or black money stashed abroad.

The government will write to Swiss authorities for details of Indian tax defaulters who have allegedly stashed their wealth in secret accounts.

The entities under watch include individuals whose names figure in a list of over 700 Swiss bank account holders, as also the bankers and associates related to certain banks whose Switzerland-based branches are under scanner.

The Income Tax department, probing the secret list of account holders in the Geneva branch of HSBC bank, has approached Swiss revenue authorities for banking data of certain individuals after investigations showed some of them reportedly had other accounts under fictitious names.