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Swiss Banks News
Indian money falls in Switzerland bank accounts
Fri, Jun 28, 2019
Money of Indian individuals and enterprises in Swiss banks fell by nearly 6 per cent in 2018 to 955 million Swiss francs (about Rs 6,757 crore). Watch this video to know more.
Indian money in Swiss banks fell 34.5 pct in 2017, says Piyush Goyal
Tue, Jul 24, 2018
Piyush Goyal said according to Swiss authorities, the more reliable data source for deposits held in Switzerland is the Locational Banking Statistics (LBS) of Bank of International Settlements. LBS measures international banking activity from a residence perspective, focusing on the location of banking office and captures around 95 per cent of all cross-border banking activity.
Black money: Arun Jaitley takes to Facebook to counter accusations; read full text of blog here
Fri, Jun 29, 2018
Almost 18 lakh people were identified who had made deposits disproportionate to their returned incomes. The use of technology helped the tax department significantly. Most of the functioning of the Income-tax Department is now online, returns are filed online, queries are addressed online, assessment orders are handled online and refunds are also made online. Technology is also used for reconciliation purposes in order to detect those who should be filing returns but are non-filers.
Panama Papers: New ICIJ data shows about 2,000 Indian links
Tue, May 10, 2016
"We do not intend to suggest or imply that any persons, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly," the body said on its web portal as part of the disclaimer on the release of the offshore "leaks" database.