I-T dept found 546 with offshore investments
The Central Board of Direct Taxes (CBDT) has told the Rajya Sabha that the Income Tax department has identified 546 Indians with investments in offshore entities in tax havens. "Many of the persons have been reported as non-traceable," CBDT said. It added that undisclosed income of around ₹500 crore has been found and 10 prosecution complaints were filed.