Union Government is mulling to reveal the names of 60 Indians who were holding Black Money accounts.
Recently, Centre began prosecution in tax evasion cases against these Indians with accounts in HSBC's Geneva Branch. The super-rich facing legal action include businessmen, corporates and politicos. Total income in these Black Money accounts is said to be over Rs 1,500 crore.
Centre wishes to disclose the names of account holders as part of its commitment to curb illegal funds of Indians in foreign banks. Income Tax department wishes to get the conviction in these cases as early as possible. Any legal action against the Black Money account holders can't be carried out after March 31st this year as the cases pertain to the period of 2008-2009.
Recently, Centre began prosecution in tax evasion cases against these Indians with accounts in HSBC's Geneva Branch. The super-rich facing legal action include businessmen, corporates and politicos. Total income in these Black Money accounts is said to be over Rs 1,500 crore.
Centre wishes to disclose the names of account holders as part of its commitment to curb illegal funds of Indians in foreign banks. Income Tax department wishes to get the conviction in these cases as early as possible. Any legal action against the Black Money account holders can't be carried out after March 31st this year as the cases pertain to the period of 2008-2009.