Black Money Crackdown

Boldly embracing technology-based interventions will empower people and enable New India to attain the desired level of sustainable and inclusive growth

The proposed measures aim to bring stricter norms to curb holding of illegal cash and mismanagement of unaccounted cash seized by the probe agencies during investigations

Enforcement Directorate is empowered to conduct investigations to trace assets derived out of the proceeds of crime

Indian assets of tax evaders can be attached & confiscated against undisclosed foreign income or assets

Dept starts prosecution against 5 people with Rs 5k cr of unaccounted wealth in British Virgin Islands

Last month, the authorities ordered nearly 200,000 shell companies to be shut down

The revenue figures and the potential revenue gain figures were based on ongoing probes

Notification follows hectic parleys between India and Switzerland for the introduction of the AEOI

Sleuths search 24 societies where large sums were deposited during note ban

I-T returns filed after demonetisation were scrutinised against earlier tax compliance