Social News XYZ     

Prof K Nageshwar: Center not to reveal Indian Swiss Accounts (Video)

         స్విస్ బ్యాంకు నల్ల ధనం ఖాతాలు బయటపెట్టనన్న  కేంద్రం||

The Ministry of Finance has refused to share details of Swiss bank accounts of Indians, saying such disclosures are prohibited under “confidentiality provisions” of a tax treaty signed between the two countries, PTI reported on Monday.

The ministry, in its response to a Right to Information query of a PTI journalist, also refused to disclose black money-related information received from other countries. “Information exchanged under such tax agreements is covered under confidentiality provisions of respective agreements,” the ministry added. “Thus, disclosure of tax related information and information sought/obtained from foreign governments is exempted under section 8 [1] [a] and 8 [1] [f] of the Right to Information [RTI] Act.”

Facebook Comments
Prof K Nageshwar: Center not to reveal Indian Swiss Accounts (Video)

About SocialNewsXYZ

An Indo-American News website. It covers Gossips, Politics, Movies, Technolgy, and Sports News and Photo Galleries and Live Coverage of Events via Youtube. The website is established in 2015 and is owned by AGK FIRE INC.

 

Summary
Prof K Nageshwar: Center not to reveal Indian Swiss Accounts (Video)
Title
Prof K Nageshwar: Center not to reveal Indian Swiss Accounts (Video)
Description

స్విస్ బ్యాంకు నల్ల ధనం ఖాతాలు బయటపెట్టనన్న కేంద్రం|| The Ministry of Finance has refused to share details of Swiss bank accounts of Indians, saying such disclosures are prohibited under “confidentiality provisions” of a tax treaty signed between the two countries, PTI reported on Monday. The ministry, in its response to a Right to Information query of a PTI journalist, also refused to disclose black money-related information received from other countries. “Information exchanged under such tax agreements is covered under confidentiality provisions of respective agreements,” the ministry added. “Thus, disclosure of tax related information and information sought/obtained from foreign governments is exempted under section 8 [1] [a] and 8 [1] [f] of the Right to Information [RTI] Act.”