Photo: Business Standard
Union Govt Raised Tax Demand Of Rs 14,820 Crore Under Black Money Law
The Union Finance Minister said the Ministry has raised a tax demand of Rs 14,820 crore under the black money law dealing with undisclosed foreign income. On July 25, FM Nirmala Sitharaman in a written reply to Lok Sabha said, after completing an assessment in 368 cases related to deposits made in unreported foreign bank accounts in HSBC, undisclosed income has been brought to tax and penalty.
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