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No Estimate of Undisclosed Wealth of Indians Abroad: MoS Finance 

This was stated by Union MoS for Finance Anurag Thakur in the Lok Sabha in response to questions by MPs. 

Published
India
1 min read
No Estimate of Undisclosed Wealth of Indians Abroad: MoS Finance 
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The government on Monday, 2 December said there is no official estimate of undisclosed wealth held by Indians abroad.

This was stated by Union Minister of State for Finance Anurag Thakur in the Lok Sabha on Monday, in response to questions by MPs Kunwar Danish Ali and PP Chaudhary.

Thakur said as part of the government's drive against black money, undisclosed income of about Rs 8,465 crore has been brought to tax and penalty of Rs 1,294 crore levied in the HSBC cases.

Undisclosed income of about Rs 11,010 crore has been detected in ICIJ cases, he said, adding that in the Panama Papers leaks case, undisclosed foreign investments of Rs 1,565 crore have been detected.

In the Paradise Papers leaks case, undisclosed foreign investments of Rs 209 crore have been detected, the minister said.

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