Providing Black Money Information Gets You Rs.15 Lakh
The Income Tax department has made new announcement regarding black money. Persons who provide information about tax defaulters in the country can get an award of Rs.15 lakh. IT department announced that 10% of the black money recovered from tax defaulters will be awarded to those who provided information about them. Maximum amount that will be awarded is Rs.15 lakhs. It also said that information pertaining to previous financial year can also be provided. Names of those who provide details of black money will remain confidential, however, the person will have to be present if the matter is dealt by court, said officials.