Monday, 27 June 2016

Rs 13,000 crore black money unearthed from overseas bank accounts

NEW DELHI: The government's crackdown on those stashing undeclared income in overseas bank accounts has started yielding results with the Income Tax authorities having unearthed more than Rs 13,000 crore from just two sets of information received in 2011 and 2013. In at least 400 cases of
Indians with deposits in HSBC, Geneva, the details of which were received from the French government in 2011, the Income Tax (I-T) authorities have unearthed undisclosed income of Rs 8,186 crore, t ..

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