Denmark, Finland provide info relating to 1500 transactions under DTAAs

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Denmark, Finland provide info relating to 1500 transactions under DTAAs By TII News Service Nov 30, 2011 , New Delhi
WITH the amendments in Article 26 of dozens of DTAAs relating to exchange of banking information, India is all set to reap the benefits in the coming years. As per the MoS(R) statement in the Rajya Sabha, India has received 'vital inputs' relating to 1500 transactions from Denmark and Finland. Meanwhile, the Finance Minister, Mr Pranab Mukherjee, informed the Lok Sabha that India has received some information from France about Indians' accounts in a Swiss Bank, and the agencies concerned have been examining them.

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