Black Money Disclosure: 638 people declare possession of Rs 3,770 Cr
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As the final day of Black Money Disclosure approached 638 people have declared possession of Rs 3,770 crore, according to CBDT Chairperson Anita Kapur. Officials at Income Tax Department told ANI that people who have declared have until December 31st, 2015 for payment of taxes& penalty .
Until now 638 number of declarations have been received under compliance window declaring undisclosed foreign assets amounting to Rs 3,770 crore. Talking about CBDT on Black Money disclosures, an Income Tax official said, “E-filing portal was open to midnight of September 30 to receive declarations, compliance closed thereafter.”
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