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The government said it has conducted 1,021 assessments under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA), till March 31, 2025. swiss bank

Did Indian money in Swiss banks grow more than three times in 2024? Govt responds

July 23, 2025 8:21 pm

Indian money in Swiss banks 2024: Pankaj Chowdhary also responded to questions about black money recovered so far and detailed the tax and penalties levied on suspected black money.

India to get Swiss banking details of Indians from tomorrow

No claimants for dormant Swiss accounts of Indians; some may get liquidated soon

November 10, 2019 12:13 pm

The Swiss government began making details of dormant accounts public in 2015 to allow their claimants submit necessary proof to get access to those funds, which included at least 10 accounts linked to Indians.

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Swiss FTA submits first set of data on Indian account holders

October 08, 2019 3:51 am

Switzerland’s Federal Tax Administration (FTA), in a statement Monday, said it has exchanged information on financial accounts with 75 countries, out of which 63 reciprocated, under the global framework of the automatic exchange of information (AEOI).

Swiss banks accounts: Indian details to be transferred

July 10, 2019 3:14 pm

Pointing to volume, Swiss office says several dispatches may be needed. According to the two Swiss agencies, India is among 73 countries with whom information on bank accounts will be shared this year — AEOIs were implemented with 36 countries last year.

CIC asks Finance Ministry about total black money collected post-demonetisation

Black money: Swiss parliamentary panel approves automatic information exchange with India

November 19, 2017 8:24 pm

The exchange will work like this -- If an Indian has a bank account in Switzerland, the bank concerned will disclose the financial account data to authorities there; the Swiss authority will automatically forward the information to its peer in India who can then examine the person's details.