The Swiss government recently ratified amendments to crucial exchange of information (EoI) agreements with India, but how long will it take before India can finally seek information on alleged black money stashed in Swiss banks? That, Prakash Chandra, chairman of the Central Board of Direct Taxes said might take some time.
Chandra today said dates for talks on the double taxation avoidance agreement (DTAA) between India and Mauritius haven't been fixed yet.
"Though no specific areas have been identified yet, these talks will deal with pending issues," he said, adding, "Once it becomes functional in some 90-100 days, we are very hopeful that as per the accepted norms and as per the agreement, we will be able to get information from them."
He also went on to say that eight new overseas tax units will be opened to monitor cross border mergers and acquisitions (M&As). "Japan, France and UAE are amongst the locations at which tax units will be set up,"
Also read India-Mauritius DTAA review not to impact FDI in long run
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