TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All News
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All News
Join Channel
Note
Bookmark
Share
Don't have an account? Register Here
Press Information Bureau
Government of India
Ministry of Finance
05-December-2011 16:12 IST
It has been reported in some sections of the press that the Central Board of Direct Taxes (CBDT) has shared details of 18 individuals found to have stashed illegal funds abroad in LGT bank accounts.
In this connection, it is clarified that the CBDT has not shared any information received under the DTAA with Germany regarding Indians having accounts in the LGT bank, Liechtenstein, with any other agency. The CBDT has also not authorised the use of the information received for any purpose other than tax purposes.
SS/GN
Information exchange under DTAA confirms disclosure limited to tax purposes and not shared with other agencies. The Central Board of Direct Taxes clarifies that information received under the DTAA with Germany about individuals holding foreign bank accounts was not shared with any other agency and has not been authorised for any use other than tax purposes. of Press 'Enter' after typing page number.
TaxTMI 
