https://www.taxtmi.com/news?id=3996 Information from a foreign government about certain foreign bank accounts has been analysed and investigations are being carried out by domestic tax authorities under the Income Tax Act, including cooperation with foreign tax authorities. Appropriate administrative steps have been taken and further action, including assessment, tax collection and levy of penalty, will be taken under the Income Tax Act based on the facts of each case. The exchanged information is subject to DTAC confidentiality and limited to specified tax purposes. en-us Mon, 12 Nov 2012 09:41:03 +0530 Mon, 12 Nov 2012 09:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3996 Information from a foreign government about certain foreign bank accounts has been analysed and investigations are being carried out by domestic tax authorities under the Income Tax Act, including cooperation with foreign tax authorities. Appropriate administrative steps have been taken and further action, including assessment, tax collection and levy of penalty, will be taken under the Income Tax Act based on the facts of each case. The exchanged information is subject to DTAC confidentiality and limited to specified tax purposes. News - Mon, 12 Nov 2012 09:41:03 +0530 https://www.taxtmi.com/news?id=3996