India to get 3rd set of Swiss bank details soon

India to get 3rd set of Swiss bank details soon
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India to get 3rd set of Swiss bank details soon

Highlights

India will get this month the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland

New Delhi/Berne: India will get this month the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland and this will include for the first time the data about real estate properties owned by Indians there, officials said on Sunday.

Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.

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