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Govt Raised Rs 35,104 Cr in Tax, Penalties Under Black Money Act
The Daily Guardian
|July 30, 2025
The government has raised a tax demand of almost Rs 35,000 crore under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 from July 1, 2015 to March 31, 2025, but only Rs 338 crore has been recovered till March 31 this year, the Parliament was informed on Tuesday.
The revelations were made after the Ministry of Finance in a written response to the unstarred question raised by Rajya Sabha MP John Brittas regarding black money and the surge of Indian-linked funds in Swiss bank accounts.
In its response, the Ministry cited media reports referencing Swiss National Bank (SNB) statistics that indicate a rise in Indian-linked funds in 2024 compared to the previous year.
Diese Geschichte stammt aus der July 30, 2025-Ausgabe von The Daily Guardian.
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