Paradise Papers: Task force asks tax dept to send notices to 714 persons

Questionnaire to seek details of foreign income disclosure in tax returns

The multi-agency group (MAG), set up by the government a day after the Paradise Papers leak, has asked the income-tax (I-T) department to send notices to the 714 Indians who were named in the list for investments that they made in and routed funds through tax havens. 

The special task force comprising Central Board of Direct Taxes Chairman and officials from the Enforcement Directorate, the RBI and the Financial Intelligence Unit, in its first meeting held on Friday, finalised the standard operating procedures to investigate the foreign assets allegedly created by people to evade taxes in India.  According to the action