No list of Indians holding money in Swiss banks: FM in RS
However, the government said the Swiss National Bank on its website reported that the total deposit of Indians in their banks have increased about Rs 14,100 crore at the end of 2013 from about Rs 8,547 crore a year ago.
In a written reply to Shantaram Naik, Finance Minister Arun Jaitley said that the government wrote to the Swiss Authorities on June 23 this year after it was reported in the media that Indians were keeping large amounts in Swiss banks.
In the letter under the provisions of Art 26 of the Direct Tax Avoidance Convention (DTAC), the government had asked Switzerland information in this regard that has been compiled by it.
"The Swiss Authorities in their reply dated July 4, 2014 have stated that there is no list of Indians tax residents holding assets in Swiss financial institutions in their own names or through structures," he said.
He said following amendments to the DTAC with Switzerland on October 7, 2011, India has made several requests seeking information about its nationals holding bank accounts in Swiss Banks.
"There has been a positive response to some requests, where information has been provided subject to the confidentiality clause in the said DTAC. In other cases, the Swiss government has not been providing the information requested citing restriction imposed by their domestic laws," he said.
National Unity Day: A tribute to Sardar Patel | Master Stroke
What all changed after J&K officially bifurcated into 2 UTs? | Master Stroke
Israeli spyware Pegasus snooped on Indian Journalists through Whatsapp | Master Stroke
Maharashtra: Shiv Sena's Sanjay Raut Meets Sharad Pawar
Drill displays IED diffused with the help of a robot by NSG
Article 370 only gave separatism and terrorism to J&K: PM Modi in Kevadiya
Let us work towards making India $5 trillion economy: Modi To Trainee Civil Servant | Full Speech
Radio Stations in Jammu, Srinagar and Leh renamed
Jammu and Kashmir to witness 'Acche Din'? | Seedha Sawal
Expert advice on how to survive poor air quality in Delhi-NCR