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-   -   Indians disclose $10 bn black money in tax evasion amnesty (https://hameed.nwar.uk/vb/showthread.php?t=2209710)

ahlam1399 10-02-2016 05:31 AM

Indians disclose $10 bn black money in tax evasion amnesty
 
NEW DELHI: A government amnesty targeting tax evasion in India has prompted tens of thousands of suspected tax dodgers to disclose nearly $10 billion in undeclared income, the finance minister said on Saturday.

The government of Prime Minister Narendra Modi sent out about 700,000 **tices earlier this year to suspected evaders to coax them to declare hidden income and assets, k**wn as "black money" in India, promising they would **t be pursued by authorities if they came clean and paid a penalty.

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