Friday, June 24, 2011

Want to fight tax evasion and black money?

The Government has recently notified the constitution of a committee to examine the ways of strengthening the law in relation to black money. The committee will deal with the following specific questions, inter alia :-

1. Declaring wealth generated illegally as national asset;
2. Enacting/amending laws to confiscate and recover such assets;
3. Providing exemplary punishment against its perpetrators.

The committee shall give its report in 6 months.

The committee also invites views of all stakeholders at: bm-feedback@nic.in

The notification is available here.

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