Government has received an amount of Rs 3,770 crore from 638 declarations under the onetime black money compliance window which was closed yesterday. This was informed by an official statement issued by the Ministry of Finance today. It also said these figure are subjected to final reconciliation.
In Radio interview,CBDT chairperson Anita Kapur said that the tax at the rate of 30 per cent and penalty at the rate of 30 per cent is to be paid by 31 December.
The compliance window opened on 1st of July, 2015 and was till 30th of September 2015 for a limited period to persons, who have undisclosed foreign assets which they had not disclosed for the purposes of Income-tax so far.
The window, created under the new anti-Black money Act to deal with the menace of black money stashed abroad.