An amended India-Swiss taxation treaty has come into effect, which will allow India to track specific information on black money stashed in Swiss banks and tax evasion cases dating back to Jan. 1, 2011, reported the local daily Indian Express Tuesday.
The Swiss Federal Department of Finance said the revised double taxation agreement with India in the area of taxes on income and capital came into force on Monday.
"It contains provisions on the exchange of information in accordance with international standards applicable at present," it said in a statement in Geneva.
The treaty would be applicable in Switzerland on income originating in tax years starting on or after Jan. 1, 2012.
Billions of dollars of black money from India are reportedly stashed in Swiss and other European banks./.