Swiss banks ask Indians to use compliance window

01-Sep-2015 #Globalwealth Source: India Tv News

Swiss and Britain based banks are asking Indian customers to provide fresh undertakings that all taxes have been paid on funds deposited by them in respective bank accounts. They have asked Indians to avail the ongoing one-time compliance window which expires on 30 September. The ministry has allowed those with undisclosed income and assets abroad time till 31 December to pay the levies.

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