Automatic Exchange of Information: Current Affairs, GK & News - 2020-2021
CBDT inaugurates Web Portal for exchange of information on Income Tax
Published: November 24, 2019
Central Board of Direct Taxes (CBDT) has inaugurated the Web Portal for Exchange of Information on Income Tax which will consolidate all relevant Automatic Exchange of Information (AEOI) related information at one place. This portal will help in convenient access by public, financial institutions as well as departmental officers at large. Web Portal for Exchange ..
Category: Economy & Banking Current Affairs
India, Switzerland Automatic Exchange of Financial Account Information kicks in
Published: September 1, 2019
Automatic Exchange of Information (AEOI) Regime between Switzerland and India kicked off from September 1, 2019. Under this mechanism, India will start receiving information on all financial accounts held by Indian residents in Switzerland, for the year 2018. Central Board of Direct Taxes (CBDT) has hailed this move as a significant step in the government’s ..
India-Switzerland ink agreement automatic sharing of tax-related information
Published: December 23, 2017
India has signed agreement with Switzerland for automatic sharing of tax-related information from January 1, 2018 with an aim to combat black money. Prior to it, India had to ask Switzerland for specific bits of information against the Indian account holder in Swiss banks. But due to its earlier secretive laws it could delay or ..