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Rs 6,000 crore and counting: Windfall from tax on stashed cash

Rs 6,000 crore and counting: Windfall from tax on stashed cash

Saturday, March 18, 2017, 8:05 AM

Vice-chairman of the special investigation team on black money, Justice Arijit Pasayat, said that after demonetisation, the centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far, and the amount could go up. Tax authorities sought explanation from individuals, who deposited substantial amount of cash after demonetisation, either in their own account or in the name of others.
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