 "shell firms, blackmoney, income tax, investigation, crackdown")
Indians who have parked their wealth in secret accounts in Switzerland are under the Income Tax (I-T) department's lens. The tax sleuths are reportedly in a rush to hunt such offenders down, in a move that follows another probe into names and entities involved in the Paradise Papers financial data leak.
The tax office is stepping on the pedal, after a lull of two years, to chase down those named in the list of secret Swiss accounts with HSBC Geneva, the Economic Times reported on Monday. According to the financial daily, over 50 individuals have been served notices regarding the
