Comments
India has received information on about 1,500 transactions from Denmark and Finland under Double Tax Avoidance Agreements with these countries and the Central Board of Direct Taxes (CBDT) is looking into the data. “... Information relating to about 1,500 transactions has been recently received from Denmark and Finland under the DTAA,” the Minister of State for Finance, Mr S.S. Palanimanickam, said in a written reply to the Rajya Sabha.
The Government has also received information about Indians with accounts in a Switzerland-based bank. Hefurther said that action under the Direct Tax law is taken in all cases where information is received by the Central Board of Direct Taxes regarding the foreign assets or transactions of Indians.
“Any undisclosed income detected by way of these actions is brought to tax ...,” he added.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.