Showing posts with label Black Money. Show all posts
Showing posts with label Black Money. Show all posts

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.