Follow Us :

Amended DTAA Between India and Switzerland Comes into Force ;

Undisclosed Income Worth Rs.565 Crore Detected and Tax Worth Rs.181 Crore Realized

The Amended Protocol between India and Switzerland amending the existing Double Taxation Avoidance Agreement (DTAA) between the two countries came into force on 7th October, 2011.

In 219 cases, undisclosed income of Rs. 565 crore has been detected and tax of Rs.181 crore realized so far.

This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam written reply to a question in Rajya Sabha today.

Tags:

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

0 Comments

  1. Neeraj says:

    it is not disclosed that for which year the undisclosed money have been caught it seems a year income however govt should detect at least from past 20 years so that revenue can come

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Post by Date
March 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031