India Doubles Strength of Foreign Tax Division

Posted on by

Jan. 10 – The Indian government has resolved to double the force of the Finance Ministry’s crucial foreign tax division which handles classified tax-related information between India, tax haven nations, and other countries.

The Ministry recently gave sanction for developing a new unit in the Foreign Tax and Tax Research (FTTR) division under the Central Board of Direct Taxes – which will be headed by a senior Income Tax Department officer and two under-secretary ranking officers.

The division acts as a post office for announcements between law enforcement agencies on both sides in cases of suspected tax evasion, miss-pricing, and international transactions.

Previously, the FTTR division had recently approved two new units with two senior IT officers as directors and four new officials in the rank of under-secretary. Till now, the FTTR division had two directors, but with these new inductions, the wing will have a total of five directors and a number of other officials who will have access to Suspicious Transaction Reports generated by the Financial Intelligence Unit.

Dezan Shira & Associates is a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in India. For more information, please contact, visit, or download the firm’s brochure here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Dezan Shira & Associates

Meet the firm behind our content. Dezan Shira & Associates have been servicing foreign investors in China, India and the ASEAN region since 1992. Click here to visit their professional services website and discover how they can help your business succeed in Asia.

News via PR Newswire

Never Miss an Update

Subscribe to gain even better insights into doing business throughout the India. Subscribing also lets you to take full advantage of all our website features including customizable searches, favorites, wish lists and gift functions and access to otherwise restricted content.

Scroll to top