India received the third set of Swiss bank account details of its citizens under the automatic exchange of information pact with Switzerland, news agency PTI reported. Switzerland’s Federal Tax Administration (FTA) on Monday said that along with India, information was exchanged with Antigua and Barbuda, Azerbaijan, Dominica, Ghana, Lebanon, Macau, Pakistan, Qatar, Samoa and Vanuatu. This is the first time data related to real estate is being included in the set of details. The set of details is a milestone for the Indian government which says that it is fighting against black money allegedly stashed abroad. India first received the first set of details in September 2019 under the AEOI (Automatic Exchange of Information).

Source: Hindustan Times October 11, 2021 10:30 UTC