Government of India has announced another income declaration scheme, Pradhan Mantri Garib Kalyan Yojana (PMGKY) with stringent penalties. This would be the last scheme to be offered to disclose black money. Following are the details of PMGKY and its guidelines. Pradhan Mantri Garib Kalyan Yojana (PMGKY), 2016 scheme will start on December 17, 2016 and … Read more
The Government of India has created an email id for tip-offs on black money hoarders. The people of India can send / email the block money details to blackmoneyinfo@incometax.gov.in which will be monitored by a special cell. The cell will take immediate action of the tip-offs they receive about black money. The government has set … Read more
The issue of black money has been rocking India for a while. The unofficial estimations says that about Rs. 25 lakh crores of Indian black money is deposited in various banks in abroad. The issue first came up during 2009 Lok Sabha elections when the BJP has promised to disclose all the Swiss Accounts and … Read more