Between July 1, 2009, and June 30, 2012, India received 97 requests for tax-related information. About 23% of the requested information was provided within 90 days, 34% between 91 and 180 days, 22% between 181 days and one year and remaining 21% after one year, which is in line with the international standards.
India has been actively engaged in exchanging tax-related information for more than four decades and has an extensive network of information exchange mechanism that covers 111 jurisdictions97 Double Tax Conventions (DTC) and 14 Tax Information Exchange Agreements (TIEA).
India established its first DTC with Greece in 1965, which came into force in March 1967 and the latest is with Gibraltar, which is TIEA, signed on February 1, 2013, and implemented on March 11, 2013. DTCs signed this year with Malta on April 8, Liechtenstein on March 28 and Poland on January 29 are yet to be implemented.