India to sign agreements with S’pore, UAE and Hong Kong for info on illegal bank a/c

Economictimes Indiatimes

NEW DELHI: India is close to signing collaborative jurisdictional agreements with three countries – Singapore, the United Arab Emirates and Hong Kong – for dealing with challenges related to the siphoning of black money, said the Central Board of Direct Taxation (CBDT).
A spokesperson of the CBDT told ANI in an e-mail interview that the CBDT is in the process of coming up with a revised note before December 31, 2015 that will provide guidance to financial institutions, regulators and tax department officers for ensuring compliance of norms decided at the recent sixth meeting of Automatic Exchange of Information (AEOI) which held in Delhi this month.

Read More…

Leave a Reply

Your email address will not be published. Required fields are marked *