New Delhi, Dec 16: In another attempt to bring black money holders to a proper channel, the Revenue Secretary, Hasmukh Adhia has said, people can give information about conversion of black money into black/white to government, an email address is created to get such information on email@example.com“. He further added that, “declarations under new black money disclosure scheme will be kept confidential.”
“We want people to join PM Garib Kalyan Yojana and through this scheme any by this they will contribute to welfare of the people,” the revenue secretary added. He also said that financial Intelligence Unit is analysing and monitoring deposit information. Giving assurance to people Mr. Adhia said that he does not want inspector-raj to affect people, the people should understand that all information about their deposits is with the department. “Amount deposited in banks does not mean it’s white, unless tax is paid on the amount,” Mr.Adhia added.
The Modi government had earlier allowed people to convert their black money into white by paying taxes and the window was open till September 30, 2016. After the announcement of demonetisation again a scheme was laid out for black money holders to pay taxes and live hassle free. This is the third time that the government has asked black money holders to convert black money into white.