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Measures to effectively tackle the issue of black money

News and Press Release - Dated:- 25-11-2016 - Press Information Bureau Government of India Ministry of Finance 25-November-2016 17:16 IST Analysis of seizure of valuables and admission of undisclosed income during searches conducted by Income-tax Dep .....

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However, the data indicates that the main sectors in which black money is rampant include real estate, finance, trading, manufacturing, educational institutes, and services. Specific and comprehensive sector-wise apportionment of undisclosed income .....

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me admitted u/s 132(4) of the Income-tax Act, 1961 [in Rs. crore] 2013-14 569 807.84 10791.63 2014-15 545 761.70 10288.05 2015-16 445 712.68 11066.24 Action against tax evasion/black money is an on-going process. Such action under direct tax laws inc .....

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obust legislative and administrative frameworks, systems and processes with due focus on capacity building and integration of information and its mining through increasing use of information technology; prohibition of acceptance of payment/repayment/ .....

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