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FinMin to issue more FAQs on black money

Assures the law will not be used to harrass anyone

The government will issue another set of clarifications in the form of ‘Frequently Asked Questions (FAQs)’ on the Undisclosed Foreign Income and Assets Act, popularly known as the Black Money Act. This is after a number of queries to the tax department since its earlier clarifications, Revenue Secretary Shaktikanta Das said on Tuesday. He didn't say when the new FAQs would be issued. The law, he assured, would not be used to harrass anyone. “There will be a next set of FAQs and further clarifications on a number of queries being raised. People can write to us ...