Wednesday, 8 February 2017

Rs 16,200 cr in black money detected by IT department

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The Indian Government has said that over Rs 16,200 crore in black money has been detected by the government after investigations on globalleaks about Indians stashing funds abroad. Commenting on the issue, Finance Minister Arun Jaitley told the media, “As a result of systematic investigations, an undisclosed income of about Rs 8,200 crore (including protective assessment of income of Rs 1,497 crore) has been brought to tax in last about 2 years on account of deposits made in unreported foreign bank accounts in HSBC.”

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