Blackmoney: India tweaks protocol to shed secrey tag on information

To bolster capabilities of agencies probing foreign black money cases, India has begun the process of adding a new clause in its international tax treaties that will allow sharing of exchanged data between the multiple law enforcement departments, removing the rider of confidentiality that hampers the investigation. The new clause is being inserted in the Double Taxation Avoidance Agreements (DTAA) so that the data once obtained by the Central Board of Direct Taxes (CBDT), the nodal department for tax information exchange, could be shared with sister agencies like CBI, Enforcement Directorate, the Directorate of Revenue Intelligence and others for probe under money laundering, corruption, customs and excise duty evasion and other laws.