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Black money window fetches Rs 65,250 crore

Final figures to be higher as tax department still counting

Dilasha Seth & Indivjal Dhasmana  |  New Delhi 

The Narendra Modi government’s black money declaration scheme received Rs 65,250-crore disclosures during the four-month window that closed on Friday midnight. The massive last minute rush to declare unaccounted cash and assets is expected to further drive up the disclosure amount. A total of 64,275 declarations were made under the Scheme, an average of about Rs 1 crore per disclosure. This is expected to translate into tax collection of Rs 29,362 crore, of which the exchequer should get Rs 14,700 crore by the end of 2016-17, half of which will come by November 30. At a press ...

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