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India illegal money News

23 Dec 2015

Black Money: Over Rs 16,000 cr undisclosed income detected in 20 months

To deal with illegal wealth stashed abroad, the government legislated the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

19 Jun 2015

Compliance window under black money law soon: Jaitley

Finance Minister Arun Jaitley on Friday said the government will soon come out with the compliance window under the black money law for persons having illegal money stashed abroad to pay tax and penalty and come clean.

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