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644 Declarations involving ₹ 4164 crore made under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015

News and Press Release - Dated:- 6-1-2016 - A total of 644 declarations have been made under the compliance window provided in the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 which closed on 30th September, 2015. The amount involved in these 644 declarations was 4,164 crores. The declarants were liable to pay tax at the rate of 30 percent and a like amount of 30 percent by way of penalty on the value of assets declared, by 31st December, 2015. The amount r .....

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