More news on black money, foreign account details and Indian Govt

As per reports on account holders of black money only 27 out of 627 will be prosecuted for having black money in foreign accounts and the Govt will get about 750 cr in taxes. 289 people have zero balance in their account. As per sources there 136 account holders will pay tax, 13 accounts belong to corporates and trusts while 315 accounts are taxable.

 

As directed by the Supreme Court the Govt has furnished a list containing the names of 627 account holders having accounts in HSBC, Geneva. As per instructionsthe documents submitted to the court contains the correspondence between the French authorities, names of account holders and the status report on investigation done so far.



 

Most of the accounts have transactions done way back before 2006 when the French govt was contacted.

By Dipti Prasad Padhi

By : | Category : News| Sub Category : India News|Date : October 30,2014

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