Proactively engage with foreign Governments to facilitate information sharing on black money
Dec 22, 2017|The Economic Times|Full Article
Switzerland will share information on accounts by Indians in Swiss banks from January 1, 2018. The automatic exchange of information from January 1, 2018 will start in September 2019.
So far, India had to ask Switzerland for specific bits of information by proving that a valid inquiry was on against the account holder. The Swiss could delay or deny the information altogether.