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This Article is From Jul 04, 2015

Black Money: Government Says Compliance Window Last Chance to Come Clean

Terming the rules for the new black money law "simple and clear", the Finance Ministry on Saturday said the ongoing compliance window will be the last chance to come clean on undisclosed foreign assets.

Black Money: Government Says Compliance Window Last Chance to Come Clean
File photo: Revenue Secretary Shaktikanta Das
New DelhiReadCompliance window not to apply if proceedings already on

The Revenue Department also clarified that those who have received tax notices up to June 30 cannot take advantage of the compliance window.

It also said that Indians against whom information has been received from foreign nations on overseas accounts or assets will not be able to file declaration under the window.

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