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638 Declarations received declaring undisclosed Foreign Assets amounting to ₹ 3770 Crore under The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015;Officer Designated to receive the declarations worked till midnight yesterday 30th September 2015 and E-Filing Portal was also open till midnight to receive the declarations; Tax at the rate of 30 percent and Penalty at the rate of 30 percent is to be paid by 31st December 2015

Dated:- 1-10-2015 - 638 number of declarations have been received under the compliance window declaring undisclosed foreign assets amounting to ₹ 3770 crore under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (the Act). These figures are subject to final reconciliation. The officer designated to receive the declarations worked till midnight on 30th September 2015. The e-filing portal was also open till midnight to receive the declarations. The comp .....

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