1. BJP govt reveals who the real black money generators in India are

BJP govt reveals who the real black money generators in India are

Real estate, jewellery and mining are among the main sectors that are generating black money in the country.

By: | New Delhi | Updated: November 28, 2014 6:00 PM
In 2013-14 fiscal, the I-T department seized assets worth Rs 808 crore and the total undisclosed income was to the tune of Rs 10,792 crore. (AP)

In 2013-14 fiscal, the I-T department seized assets worth Rs 808 crore and the total undisclosed income was to the tune of Rs 10,792 crore. (AP)

Real estate, jewellery and mining are among the main sectors that are generating black money in the country, Parliament was informed today.

Minister of State for Finance Jayant Sinha said in a written reply to a query in the Lok Sabha that the Income Tax department has conducted searches on 273 entities between April-September in the current fiscal

The total assets seized by the I-T department was Rs 283 crore and undisclosed income was to the tune of Rs 3,371 crore in the first six months till September, he said.

“Sectoral analysis in respect of seizures of valuables and admission of undisclosed income during searched conducted by I-T department in the last three finance years indicates that the main sectors are real estate, trading and manufacturing, contractors, service, jewellery and mining,” Sinha added.

  1. P
    Prashant
    Nov 29, 2014 at 11:04 am
    Have you thought about Doctors? Have you seen any Doctor having private hospital taking money in cheque or card? They take only CASH. Do they show this income? GO FIGURE OUT.
    Reply
    1. S
      sitesh sarkar
      Nov 29, 2014 at 8:52 am
      Gov't.should emphasis more to unearth black money ln the country and finance the people oriented project without lmposing extra tax.try will be difficult as it will horn the nest of many netas of all pol. Parties.
      Reply
      1. S
        sitesh sarkar
        Nov 29, 2014 at 8:52 am
        Gov't.should emphasis more to unearth black money ln the country and finance the people oriented project without lmposing extra tax.try will be difficult as it will horn the nest of many netas of all pol. Parties.
        Reply
        1. S
          sitesh sarkar
          Nov 29, 2014 at 8:52 am
          Gov't.should emphasis more to unearth black money ln the country and finance the people oriented project without lmposing extra tax.try will be difficult as it will horn the nest of many netas of all pol. Parties.
          Reply

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