The supreme court on thursday asked the government to widen the scope of its action on black money beyond the issue of tax evasion. Never try to make this big mistake by declaring the black money you have in india.
Presumably even the black money stashed abroad has to be generated in india.
How to find black money in india. According to the standing committee s report the sectors that see the highest incidence of black money include real estate mining pharmaceuticals pan masala the gutkha and tobacco industry. India sets up a special task force to find illicit money in one of the first decisions taken by the government of new prime minister narendra modi. In india black money is funds earned on the black market on which income and other taxes have not been paid.
99 3 of demonetised money was. The government s demonetisation exercise in november 2016 was supposed to be a surgical strike on black money but failed. As you might be knowing that india is one of the top corrupted countries if.
There is no official estimation of amount of black money that has been sent to foreign countries by india persons as recently said by government. Better that modi bring it out of the shadows here before it has a chance to flee.