Black money: Only Rs 2,000 crore declared by 29 people yet

 Zee Media Bureau

New Delhi: With just few days left to file and declare black money assets, only 29 people have come out in open and have declared it. The amount of black money declared sums up to Rs 2,000 crore, according to a report by Times of India.

The government has appealed to black money holders with foreign assets to file their returns by September 30, stating that not adhering to the compliance window will entail punitive action.

Earlier, Joint Secretary of Central Board of Direct Taxes (CBDT) V Anandrajan had said the government will not extend the expiry date of September 30, 2015.

The three month window for voluntary disclosure without criminal liability was enough to make affected people aware of the provision, Anandarajan had said.

CBDT, the apex policy-making body of the income tax department, also made it clear that all anti-harassment and pro-confidentiality procedures have been put in place by it for those people who want to avail this window before the 30 September deadline followed by payment of taxes and penalty before December 31.