Tag Archives: Main sector of Black money

More than 31,000 Cr Undisclosed income admitted u/s 132(4) of Income Tax Act 1961

By | November 26, 2016

Measures to effectively tackle the issue of black money Analysis of seizure of valuables and admission of undisclosed income during searches conducted by Income-tax Department during last three financial years indicates that the persons searched were involved in multiple activities in varied sectors and it may not be feasible to comprehensively apportion the undisclosed income… Read More »