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I-T sleuths unearthed Rs 21,454 cr undisclosed income in two years

This amount was collected from 992 individuals

Press Trust of India  |  New Delhi 

The Income Tax (I-T) department conducted searches on 992 individuals and entities in the last two financial years and unearthed undisclosed income of Rs 21,454 crore, Parliament was informed on Tuesday. "During the last two financial years (2014-15 and 2015-16), the I-T department conducted searches in about 992 groups of persons which led to admission of undisclosed income of Rs 21,454 crore apart from seizure of undisclosed income (cash, jewellery etc) worth Rs 1,474 crore," Minister of State for Finance, Santosh Kumar Gangwar said in a written reply in the Rajya ...

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First Published: Tue, March 21 2017. 18:59 IST
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