Government Asks People To Send Black Money Information On E-mail
Revenue Secretary Hasmukh Adhia announced that the government has set up an email address where people can send in information of those hoarding black money. The email id, firstname.lastname@example.org, will be monitored by a cell which will take immediate action of the tip-offs they receive. Announcing that previously undeclared money which has now been deposited in the bank won’t automatically be treated as white money, the revenue secretary announced that a tax disclosure scheme will open from Saturday and close on March 31, 2017. The government plans to keep the declarations made under the new money disclosure scheme confidential. Adhia added that the receipt of tax paid on deposits will have to be shown to avail disclosure scheme benefits including immunity from prosecution.