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Doubts continue to persist over black money exposure - ABN

Fri, Oct 31, 2014, 03:27 PM
Bhartiya Janatha Party has promised to bring back all the illegal money stashed in foreign banks within 100 days after forming its government. It has been more than 160 days since it came to power and yet doubts prevail over its commitment to reveal names of all illegal account holders and also on fulfillment of Modi's promise to pay three lakh rupees to each citizen of India from the black money. The government has submitted to Supreme Court a list of 627 account holders, out of which 150 have already paid taxes and penalties, many accounts have 40-50 crores of rupees and 120 persons clarified that they do not have any accounts.
Income tax department estimates that not more than 3000 crore rupees can be collected from the account holders.
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