GOVT: THOSE WITH BLACK MONEY – YOUR NAME CAN BE MADE PUBLIC …
Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government today said details of information provided during the one-time compliance window can be revealed in the public interest. The new Black money law provides for this option. Also to note is that there is a 90-day compliance window to help people holding unaccounted assets abroad to come clean by paying 60 per cent tax and penalty.
- 5 Aug 2015