Over Rs 16,000 Crore in Black Money Declared in 20 Months

According to the Income Tax Department and Revenue Secretary Hasmukh Adhia, the government has investigated and found undisclosed income in excess of Rs 16,000 crore, and they have seized roughly Rs 1,200 crore in assets since March 2014. Undisclosed income, or black money, is revenue made by a business without paid taxes. Tax evasion of … Read more