Amended India-Switzerland DTAA: Undisclosed income of Rs 565 Cr detected

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Amended India-Switzerland DTAA: Undisclosed income of Rs 565 Cr detected By TII News Service May 23, 2012 , New Delhi
WHILE answering a question in the Rajay Sabha yesterday, the MoS(R), Mr S S Palanimanickam, said that the amended DTAA Between India and Switzerland has come into force. 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.

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