I-T dept detects ₹16,200 crore in black money stashed abroad
The I-T Department has detected ₹16,200 crore worth black money after conducting investigations on global leaks about Indians stashing funds abroad. Of this, ₹8,200 crore undisclosed income was brought to tax in last 2 years on account of deposits made in unreported foreign accounts in HSBC. The government is committed to bring back black money stashed abroad, it said.