Where did the (Black) Money Come From?

By Vijay Kumar

SEVERAL newspapers have reported that out of the 65,000 crore black money declared, 13,000 crore came from Hyderabad, 8000 crore each from Mumbai and Delhi.

CBDT clarified again on twitter that no official list of region wise declarations has been issued. Deptt is committed to maintain strict confidentiality and requested general public NOT to pay any heed to such fraudulent messages circulating on social media.

Anyway 65000 crores of black money have become white and apart from a tax of 30,000 crore, about 35,000 crores will enter the productive sector and should perennially generate an annual tax of about 350 crores.