Will Rs 34 Lakh Crore Of Black Money Be Unearthed From Swiss Bank?

Updated On : 01 Sep,2019 | 10:06 AM

Banking details of Indians with accounts in Switzerland will be available to tax authorities from today. Ending the era of Swiss bank secrecy, the move is seen as a significant step in the government’s fight against black money. The first automatic exchange of financial account information (AEOI) under Common Reporting Standard (CRS) would start from next month.

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