Serious Efforts to Unearth Black Money

block money The Union government identified 16 thousand crores of black money abroad in the last 20 months. The government also ceased Rs.1200 crores of black money and booked 774 cases. The government’s ‘One Time 90 Days Window’ to declare black money voluntarily, is yielding good results and 635 declarations were made about Rs.4160 crores. Rs. 2500 crores are expected to be collected through taxes and fines during the month end. The IT officials are serious about unearthing black money.

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