New Delhi: The Government of India has got a big success regading the black money deposited in foreign banks. The Government of Switzerland has given India the first information related to Indian accounts in Swiss bank. India is one of the few countries which has received information related to Swiss Bank. After this information, the next information will be submitted to the Government of India in 2020. Switzerland's tax department has confirmed this.

At present, there are about 31 lakh accounts in 75 countries of the world in Switzerland which are on target. These include many accounts from India as well. However, after receiving information from Switzerland, government sources say that not all accounts are illegal in the accounts that have been received. Government agencies of the country will now start investigations in this regard. In the investigation about the accounts, the names of the account holders, their account information will be collected.

Let us tell you that this is the first time that India has received this information from Switzerland under the AEOI framework. Under this provision information of bank accounts is exchanged. The accounts which are currently active and those accounts which were closed during 2018. The information obtained by AEOI is highly confidential.

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