New Delhi, Nov 10 (PTI) India today said it will renegotiate with all the 77 countries with which it has double tax avoidance treaties to track tax evasion following allegations of black money being stashed by many Indians in Swiss banks.

"I have asked Revenue Department to reopen negotiations for all 77 double tax avoidance agreements with all countries which we have entered so far so that we can have real time exchange of information on tax evasion and tax avoidance," Finance Minister Pranab Mukherjee said at the India Economic summit.

A team of Revenue Department senior officials is expected to go to Switzerland to begin talks on amending the double taxation avoidance agreement with that country.

Political parties had raised the issue of black money being stashed in Swiss banks in the last Lok Sabha elections and a petition to this effect is pending in the Supreme Court.