Odisha News Insight

Black Money: Assets of Rs.4,147 crore disclosed by 638 Declarants

black moneyNew Delhi, Oct 5: The total worth of declaration of assets made under the black money compliance window is Rs.4,417 crore by 638 declarants, the government announced on Monday.

An official statement following the closure of the compliance window at September’s end said assets worth Rs.3,770 crore ($580 million) declared under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, were subject to a final reconciliation.

Revenue Secretary Hasmukh Adhia told reporters here that the final quantum of declarations showed some change, though the number of declarants remained the same.

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