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        Case ID :
        Income Tax

        Amended DTAA Between India and Switzerland Comes into Force ; Undisclosed Income Worth Rs.565 Crore Detected and Tax Worth Rs.181 Crore Realized

        May 23, 2012

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        Press Information Bureau

        Government of India

        Ministry of Finance

        22-May-2012 19:29 IST

        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.

        This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam written reply to a question in Rajya Sabha today.

        DSM/Hb

        Amended DTAA between India and Switzerland prompts detection of undisclosed income and realization of corresponding taxes. Amendment to the Double Taxation Avoidance Agreement between India and Switzerland entered into force on 7 October 2011. Following this, in 219 cases authorities detected undisclosed income and realized corresponding tax liabilities, as reported in an official government press release.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Amended DTAA between India and Switzerland prompts detection of undisclosed income and realization of corresponding taxes.

                                Amendment to the Double Taxation Avoidance Agreement between India and Switzerland entered into force on 7 October 2011. Following this, in 219 cases authorities detected undisclosed income and realized corresponding tax liabilities, as reported in an official government press release.


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