Black money seizures almost triple in 2016
The Income Tax department has tripled black money seizures to an all-time high of ₹329.93 crore in cash and jewellery between January-July 2016 against ₹102.50 crore in the same period last year, according to reports. Over ₹3,360 crore unaccounted wealth was surrendered till July this year up from the ₹2,146.38 crore in the corresponding period last year. 