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Black money hoarders to pay Rs 80 cr as tax

By The Assam Tribune

NEW DELHI, Nov 20 � Over a score of black money hoarders in the capital, most of them businessmen, will pay Rs 80 crore as taxes to the Income Tax department on undisclosed income of about Rs 500 crore following searches made across the city on the basis of a classified list of account holders in HSBC bank, Geneva, reports PTI.

Sleuths of the enforcement and investigation wings of the I-T department carried out searches in the last two months on 22 individuals based in Delhi who have admitted to holding accounts and stashing funds in the foreign bank.

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Black money hoarders to pay Rs 80 cr as tax

NEW DELHI, Nov 20 � Over a score of black money hoarders in the capital, most of them businessmen, will pay Rs 80 crore as taxes to the Income Tax department on undisclosed income of about Rs 500 crore following searches made across the city on the basis of a classified list of account holders in HSBC bank, Geneva, reports PTI.

Sleuths of the enforcement and investigation wings of the I-T department carried out searches in the last two months on 22 individuals based in Delhi who have admitted to holding accounts and stashing funds in the foreign bank.