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The Government had commissioned a study, inter alia, on estimation of unaccounted income and wealth inside and outside the country, which was conducted by National Institute of Public Finance and Policy (NIPFP), National Council of Applied Economic Research (NCAER) and National Institute of Financial Management (NIFM)

Dated:- 5-5-2015 - . One of the terms of reference of the study was - To identify important sectors of economy in which unaccounted money is generated and examine causes and conditions that result in generation of unaccounted money . Reports received .....

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titutions. Such estimations are based upon different sets of facts, data, methods, assumptions etc, leading to varying inferences. However, sectoral analysis of seizure of valuables and admission of undisclosed income in the searches conducted by the .....

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menace of black money. Such measures include (i) introduction of a comprehensive new law in the ongoing Budget Session 2015, specifically to deal with black money stashed abroad - The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2 .....

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, Chaired and Vice-Chaired by two former judges of the Hon ble Supreme Court, inter alia, to deal with issues relating to black money stashed abroad; (iii) while focusing upon non-intrusive measures, due emphasis on enforcement measures in high impac .....

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ation technology, capacity building etc: (v) joining the global efforts to combat cross-border tax evasion and tax fraud and to promote international tax compliance, including supporting the implementation of a uniform global standard on Automatic Ex .....

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