Government of India Demands to Voluntarily Declare about Black Money
Indian government is expecting to find out those who are holding undeclared assets abroad through notifying a "small time" compliance window. The government encourages people to declare voluntarily about the so called black money abroad to a taxman and make them clean as given time is only two months, India times reports.
Central Board of Direct Taxes has created a team, which is working on the draft of the compliance window. According to them, two months is completely enough for the person, who wants to pay his duties. This money belongs to Indian government.
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