Fri, Oct 02, 2015, 02:54 PM
Non-declaration of black money deposits abroad is punishable, said Union Minister Shakti Kanta Das. Those who have already declared their assets abroad, may pay 60 per cent tax and penalty by December 31st, he said. Some 637 persons have declared that they had deposited Rs. 3,770 crores in banks abroad. Those who have not declared will face 10 years of jail term, the minister warned.