CBDT has shared details of 18 individuals found to have stashed illegal funds abroad in LGT bank accounts

Last updated: 06 December 2011

No.402/92/2006-MC (29 of 2011)

Government of India / Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

***

New Delhi, the 5th December 2011

It has been reported in some sections of the press that the Central Board of Direct Taxes (CBDT) has shared details of 18 individuals found to have stashed illegal funds abroad in LGT bank accounts.

2. In this connection, it is clarified that the CBDT has not shared any information received under the DTAA with Germany regarding Indians having accounts in the LGT bank, Liechtenstein, with any other agency. The CBDT has also not authorized the use of the information received for any purpose other than tax purposes.


Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Click here to Login and post comments    OR

Recent News :

  1. No UPI Charges for Consumers: Government Clears Air on Merchant Fee Rumours
  2. UPI Transactions May Attract Charges in Future as Lok Sabha Passes Taxation Amendment Bill
  3. ICAI Hosts Multipurpose Empanelment Form (MEF) 2026-27
  4. Income Tax Department Releases ITR-6 Excel Utility, JSON Schema and Validation Rules for AY 2026-27
  5. Centre Exempts Banks from Section 15(1) Restriction on Unamortized EIR Expenditure
  6. ICAI Publishes 77th Annual Report and Accounts of the Institute for the year 2025-26
  7. RBI Keeps Repo Rate Unchanged at 5.25%
  8. MCA Extends Registration Deadline for 'Corporate Mitra' Course for North East Candidates Till 14th Aug 2026
  9. FM Sitharaman Introduces Appropriation (No. 3) Bill, 2026 in Lok Sabha
  10. Government Boosts MSME Financing Through SIDBI and ECLGS 5.0

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member vinayvinayPro Member Dhananjay PatilDhananjay PatilPro Member SIVALINGAMSIVALINGAMPro Member CA Sunny SharmaCA Sunny SharmaPro Member AJAY Kumar AgrawalAJAY Kumar Agrawal
Subscribe to Pro
Join an elite circle of professionals


Browse by Category