Modi govt’s black money amnesty scheme a spectacular flop

The scheme

  • The govt launched a scheme to bring back black money on 1 July
  • Those who had parked assets abroad could declare them, and pay tax and a penalty on them
  • Those who declared their assets wouldn't face prosecution
by Nagpur Today | Published 10 years ago
By Nagpur Today On Friday, October 2nd, 2015

Modi govt’s black money amnesty scheme a spectacular flop

The scheme

  • The govt launched a scheme to bring back black money on 1 July
  • Those who had parked assets abroad could declare them, and pay tax and a penalty on them
  • Those who declared their assets wouldn't face prosecution