German cache lands on I-T browser; data on over 1,000 Indians with Gulf homes sent
It is not immediately clear how a mountain of sensitive data, pertaining to resident Indians' undisclosed properties in Dubai and other cities in the UAE, landed in the hands of German authorities.
Nonetheless, the ownership details of over 1,000 Indians have reached the income tax (I-T) department as per the 'spontaneous exchange of information' mechanism under the Double Taxation Avoidance Agreement (DTAA) between India and Germany, sources told ET.
Since end-October, a flurry of notices has been issued by the tax office based on the information shared by the government with the Director General of Income tax (DGIT) — Investigation.
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