Black Money – Domestic and International Efforts

Black money amnesty scheme nets Rs. 4,164 cr.

  1. The Union govt. has received 644 declarations for black money worth Rs. 4,164 crore.
  2. The declarations were made under one-time, come-clean compliance window provided to evaders.
  3. It was provided by Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
  4. The govt. has also earned Rs 2,428.4 crore by way tax and penalty on the declared sums.

The Union govt. has received 644 declarations for black money worth Rs. 4,164 crore.

  1. The declarations were made under one-time, come-clean compliance window provided to evaders.
  2. It was provided by Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
  3. The govt. has also earned Rs 2,428.4 crore by way tax and penalty on the declared sums.
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