INDIA WILL TAKE THE ISSUE OF EXCHANGING INFORMATION OF TAX IN G20 SUMMIT

Indian government is in great pressure on black money submitted in the foreign countries. So in the way to take money return home, India is ready to press automatic exchange of banking details and information of the individual accounts in G20 summit heading on 14-15 October in Paris (France).



G20 countries include many countries of Europe and some countries in Asia including India. Finance Minister Mr. Pranab Mukherjee will take this issue to the G20 members for the sake of tax evaders. G20 members also include Switzerland in which the many black money account are of Indians.


The automatic exchange of information will work for all the countries in G20. By which tax evasion will be less at least in the countries including in G20.


The main problem of black money is of India, and not all the countries. So India will take this aggressively as any other countries according to an Official going to this meeting.
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