The Ministry of Finance has refused to share details of Swiss bank accounts of Indians, saying such disclosures are prohibited under “confidentiality provisions” of a tax treaty signed between the two countries, PTI reported on Monday.
The ministry, in its response to a Right to Information query of a PTI journalist, also refused to disclose black money-related information received from other countries. “Information exchanged under such tax agreements is covered under confidentiality provisions of respective agreements,” the ministry added. “Thus, disclosure of tax related information and information sought/obtained from foreign governments is exempted under section 8 [1] [a] and 8 [1] [f] of the Right to Information [RTI] Act.”
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