Taxmen haul in Rs30,000 crore black money
18 May 2011
Taxmen have recovered black money to the tune of a whopping Rs30,000 crore in the country over the past two years, says the Central Board of Direct Taxes.
The CBDT is in the process of creating a Directorate of Criminal Investigation following the approval it from finance minister Pranab Mukherjee for the same last week.
According to CBDT chairman Sudhir Chandra, the board had targeted major defaulters and had uncovered over Rs100 crore in black money in each case.
Chandra who was addressing the 'National Seminar on Black Money', Chandra said, "Through IT searches and surveys, we have realised around Rs 30,000 crore of black money" in the past two years.
"In the last two years, through IT searches, we have uncovered Rs 18,500 crore of black money. That shows we have not gone after small people and we have gone after big people.
"What is the use of mopping the floor if the tap is open. We are trying to close the taps?"
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