Hirunews Logo
HiruNews
HiruNews
HiruNews
India+tax+evasion+amnesty+uncovers+hidden+billions+
Sunday, 02 October 2016 - 8:52
India tax evasion amnesty uncovers hidden billions
101

Shares
12,200

Views
A tax evasion amnesty in India has prompted tens of thousands of people to declare more than $9.5bn in undeclared income and assets.

Finance minister Arun Jaitley said the four-month window that ended on Friday brought in 64,275 declarations.

All were offered immunity from prosecution in return for paying tax, a surcharge and a penalty.

It is estimated that the government could raise nearly $4.5bn from the scheme.

Undeclared income or "black money" is a huge issue in India.
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
You may also like :
HiruNews
Thursday, 16 August 2018 - 16:24
Mangroves play a critical role in maintaining the ecological balance in Sri Lanka's coastal areas.However, some money-hungry people do not understand this.Our... Read More
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
1,968 Views
HiruNews
HiruNews
HiruNews
1,098 Views
HiruNews
HiruNews
HiruNews
6,700 Views
HiruNews
HiruNews
HiruNews
16,896 Views
HiruNews
HiruNews
HiruNews
65 Views
HiruNews
HiruNews
HiruNews
45,244 Views
Top