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Declaration of Black Money by Tax Payers

News and Press Release - Dated:- 7-2-2017 - There is no official estimation of percentage of black money held in India in cash. In the last financial year (2015-16) 648 disclosures involving undisclosed foreign assets worth ₹ 4164 crore were ma .....

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; 2476 crore. The Government has taken several measures to effectively tackle the issue of black money, particularly black money stashed away abroad. Such measures include policy-level initiatives, effective enforcement actions on the ground, putting .....

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include: (i) Constitution of the Special Investigation Team (SIT) on Black Money under Chairmanship and Vice-Chairmanship of two former Judges of Hon ble Supreme Court, (ii) Constitution of Multi-Agency Group (MAG) consisting of officers of Central B .....

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ate and enhance the exchange of information under Double Taxation Avoidance Agreements (DTAAs)/Tax Information Exchange Agreements (TIEAs)/Multilateral Conventions and furthering global efforts to combat tax evasion/black money, inter alia, by joinin .....

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