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.

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

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  • 28 Jul 2021
  • WerIndia

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In 1989-90, with Rajiv Gandhi as PM and Farooq Abdullah as CM, 400,000 Kashmiri Pandits, Sikhs & Others FACED GENOCIDE - were slaughtered or forced to leave Kashmir overnight. "The Kashmir Files" shows only a small part of this. Should a Kashmir Genocide Law be made and the atrocities be fully investigated?

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1989-90 में, राजीव गांधी के प्रधान मंत्री और फारूक अब्दुल्ला के मुख्यमंत्री के रूप में, 400,000 कश्मीरी पंडितों, सिखों और अन्य लोगों को नरसंहार का सामना करना पड़ा - या तो रातों-रात कश्मीर छोड़ने के लिए मजबूर होना पड़ा । "द कश्मीर फाइल्स" इसका एक छोटा सा हिस्सा ही दिखाता है। क्या कश्मीर में हुए नरसंहार पर कानून बनाया जाना चाहिए और अत्याचारों की पूरी जांच होनी चाहिए?

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