Several Crores Rupees!Systemic measures by Government Under Black Money Act Yields Results

Several Crores Rupees!Systemic measures by Government Under Black Money Act Yields Results
Photo courtesy: pib.gov

In the recent years, the Government has taken a number of measures to bring back the black money stashed abroad ‘The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. This was stated in a written reply by Union Minister of State for Finance Shri Pankaj Chaudhary to a question in Lok Sabha today.

The Minister stated that as a result of systematic actions by the Government, the following results have been achieved as on 31.05.2021:

As on 31.05.2021, assessment orders under section 10(3)/10(4) of the Black Money Act, 2015 have been passed in 166 cases, wherein demand of Rs. 8,216 crore has been raised.

  • Undisclosed income of Rs. 8,465 crore (approx.)has been brought to tax and penalty of Rs. 1,294 crore has been levied in HSBC cases.
  • Undisclosed income of Rs. 11,010 crore (approx.)has been detected in ICIJ (International Consortium of Investigative Journalists) cases.
  • In the Panama Papers Leaks cases, undisclosed credits of Rs. 20,078 crore (approx.)have been detected.
  • In the Paradise Papers Leaks cases, undisclosed credits of Rs. 246 crore (approx.)have been detected.

.

Read more at: https://pib.gov.in/PressReleasePage.aspx?PRID=1739186

.

Visit www.werindia.com OR Hindi.werindia.com to read news from 500+ news sources... आपका अपना डिजिटल अख़बार |



     
  • 28 Jul 2021
  • WerIndia

Leave a Reply


Recommended for you

Your Opinion

Canada's Prime Minister, Local Police and USA are wrongly accusing India, a Raw Agent, and Indians of killing a Sikh Leader in Canada? Should every Indian and Political party accept Our Government's explanation and support the Central Government?

View Results

Loading ... Loading ...

View Older Polls

आपकी राय

कनाडा के प्रधानमंत्री, स्थानीय पुलिस और अमेरिका, भारत के एक रॉ एजेंट और भारतीयों पर कनाडा में एक सिख नेता की हत्या का गलत आरोप लगा रहे हैं? क्या हर भारतीय और राजनीतिक पार्टी को हमारी सरकार की व्याख्या स्वीकार करनी चाहिए और केंद्र सरकार का समर्थन करना चाहिए?

View Results

Loading ... Loading ...

View Older Polls