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I-T dept detects undisclosed money worth Rs 10,000 crore in Mumbai

I-T dept detects undisclosed money worth Rs 10,000 crore in Mumbai

Wednesday, March 22, 2017, 12:11 PM

The I-T department has detected more than Rs 10,000 crore of undisclosed money in the Mumbai region during the current financial year, a 15-20% increase over the previous year, “After further scrutiny, the department expects that 50% of the money will fall in the tax evasion category,” a source said. The Mumbai region accounts for 33% of the total income tax revenue.
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