https://www.taxtmi.com/news?id=16387 India relies on bilateral and multilateral tax treaty networks, the Common Reporting Standard and the CRS Multilateral Competent Authority Agreement for automatic exchange of financial information, while the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 establishes specific offences, enhanced penalties and treats willful evasion in relation to foreign assets as a Scheduled Offence under the Prevention of Money laundering Act, thereby enabling attachment and confiscation alongside complementary treaty renegotiation, FATCA cooperation and domestic enforcement measures. en-us Wed, 20 Jul 2016 10:04:32 +0530 Wed, 20 Jul 2016 10:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16387 India relies on bilateral and multilateral tax treaty networks, the Common Reporting Standard and the CRS Multilateral Competent Authority Agreement for automatic exchange of financial information, while the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 establishes specific offences, enhanced penalties and treats willful evasion in relation to foreign assets as a Scheduled Offence under the Prevention of Money laundering Act, thereby enabling attachment and confiscation alongside complementary treaty renegotiation, FATCA cooperation and domestic enforcement measures. News - Wed, 20 Jul 2016 10:04:32 +0530 https://www.taxtmi.com/news?id=16387