Explained: India will get Swiss bank details of Indians from today. What does this mean?

Recently,Automatic Exchange of Information (AEOI) Regime between India and Switzerland has started from September 1,2019.  In 2016,India and Switzerland had signed an information-sharing deal on bank accounts which was to come into effect from September 2019.  Automatic exchange of information involves the systematic and periodic transmission of taxpayer information by the source country to the… Continue reading Explained: India will get Swiss bank details of Indians from today. What does this mean?