"Networking the Networks" international conference was conducted in Delhi. Arun Jaitley , Finance minister said tax evasion and money Laundering will become very difficult in the 1- 2 years.
At the G20 Nation's Australia summits last November, will begin automatic exchange of Tax information. India is one of the easy and oldest adopter.He also said that South Asia is going to discuss ' to strengthen international corporation with tax evasion and money laundering
Adhia says, there are seven countries including India Member countries in the South Asian Region Intelligence center. Other countries like Nepal, Bhutan, Myanmar, Srilanka, Maldives and Bangladesh. if it is implemented south Asian Region will connect quick and secure information.
Meanwhile there is a buzz regarding Tax evasion that most of the money are misused by starting some trust foundation. The form 80G rule is likely to have some changes in future.
