CBDT: Black money one-time compliance window results in Rs 2,428 cr tax collection upto December

Jan 06,2016

CBDT collects majority of the tax and penalty due pursuant to declarations made under one time compliance window of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 upto December 31; As against the declaration of foreign assets of Rs Rs. 4,164 cr from 644 declarations, CBDT collects Rs. 2,428.4 cr amount by way tax (30%) and penalty (30%) upto 31st December, 2015; The shortfall of around Rs 70 cr in taxes and penalty is primarily...

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