India to get Swiss banking details of its nationals from tomorrow

[Spartan]

Banking details of Indians with accounts in Switzerland will be available to tax authorities from Sunday as the automatic exchange of information regime kicks off between the two countries.
The move, the Central Board of Direct Taxes (CBDT) said, is a significant step in the government's fight against black money and the era of "Swiss bank secrecy" will finally be over from September.

The CBDT frames policy for the Income-Tax Department.
Between August 29 and August 30, a Swiss delegation, led by deputy head of the tax division in the state secretariat for international finance Nicolas Mario Luscher, called on Revenue Secretary A B Pandey, CBDT Chairman P C Mody and CBDT Member (Legislation) Akhilesh Ranjan before the regime kicked in, it said.
The first automatic exchange of financial account information (AEOI) under the provisions common reporting standard will start from September.
"India will receive information of the calendar year 2018 in respect of all financial accounts held by Indian residents in Switzerland," the CBDT said in a statement.
The information will include accounts that were closed during 2018.

[LazyRohit]

Already transferred to another bank no issues antunna politicians

[MRI]

already South American banks ki transferred. Julian Assange ni vidichipettandi. ekkadaki marchina details tho saha release chestadu. haha