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Black money recovery News

11 Aug 2017

Unusual deposits of Rs 1.7 lakh crore during demonetisation: RBI paper

In nominal terms, it said, the excess deposits accrued to the banking system due to demonetisation are estimated in the range of Rs 2.8-4.3 lakh crore.

14 May 2016

4-month window to declare black money opens on June 1: Finance Ministry

The four-month window for declaring domestic black money will open on June 1 and those opting to come clean by paying 45 percent tax and penalty will not be subject to scrutiny and enquiry by tax department.

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