6500000000000 BLACK MONEY RECOVERED(old)
NEW DELHI: Surpassing expectations, the Centre’s move to unearth black money received a robust response with the total amount declared under the Income Declaration Scheme totalling Rs 65,250 crore.
Finance minister Arun Jaitley announced that 64,275 declarations had been made under the scheme, which was open for four months and closed on September 30.
He said the number is expected to go up once all the declarations are verified. Based on the current declarations, the Centre is likely to get tax revenues of Rs 29,362 crore, of which Rs 14,700 crore will flow into its coffers by March and the rest in the next fiscal year.
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