Germany shares unprecedented offshore property data with Indian government

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Germany shares unprecedented offshore property data with Indian government - Business Standard

Quick Summary:

Meanwhile, the Director General of Income Tax is preparing reports for the Central Board of Direct Taxes, due in January, outlining actions taken so far.Centre sanctions Rs 104.

The move highlights increasing global cooperation against tax evasion, though concerns remain over the legal grounds for obtaining such information.

The development has rattled Dubai’s property market, with UAE officials reportedly seeking clarity on the source of the data.