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Sunday, 15 February 2015
Friday, 13 February 2015
Modi Government keeps its promise; already recovered Rs 3,500 crore in Black Money
The Supreme Court-appointed Special Investigation Team (SIT) on black money expects the income tax department to recover Rs 10,000 crore by March 31 as tax and penalty for tax evasion from 300-odd Indians who held illegal accounts in Swiss banks. "Under the supervision of the SIT, the I-T department has already recovered around Rs 3,500 crore from some of the account holders. As these are old accounts, the assessment proceedings have to be complete by March 31 and we expect the I-T department to net another Rs 6,500 crore by that time," SIT vice-chairman Justice Arijit Pasayat told TOI.
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Action not Acts
Thursday, 12 February 2015
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