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In a bid to curb and trace black money stashed abroad, India Government has signed an agreement with which country to allow automatic sharing of tax- related information?
  • a)
    Japan
  • b)
    India
  • c)
    USA
  • d)
    Australia
  • e)
    Switzerland
Correct answer is option 'E'. Can you explain this answer?
Verified Answer
In a bid to curb and trace black money stashed abroad, India Governmen...
In a bid to curb and trace black money stashed abroad, India Government has signed an agreement with Switzerland to allow automatic sharing of tax- related information. This agreement was signed on December 21, 2017 and will be effective from January 1, 2018. It was signed by Central Board of Direct Taxes (CBDT) Chairman, Sushil Chandra and Swiss Ambassador to India Andreas Baum. Under this agreement, from 2018, India and Switzerland would start collecting data in line with global standards and will exchange it from 2019 onwards.
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In a bid to curb and trace black money stashed abroad, India Government has signed an agreement with which country to allow automatic sharing of tax- related information?a)Japanb)Indiac)USAd)Australiae)SwitzerlandCorrect answer is option 'E'. Can you explain this answer?
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