The conversation between human and AI assistant.
How will banning ₹1000 and ₹500 notes affect those who have money in Swiss bank accounts?
That's interesting. Can you tell me more about the India-Switzerland tax treaty?
Certainly. In 2019, both countries signed an automatic exchange of information agreement, under which they will begin sharing information from January 2021. This means that details of all financial accounts held by Indian residents in Switzerland will be shared with Indian tax authorities automatically.