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Banco ICBC - Préstamo Tasa Cero (Publicidad 2013)

Rs 6400 crore: That's the black money stash from India lying in HSBC accounts

May 13, 2015    

The special investigation team (SIT), which is monitoring the probe into the black money case, told the apex court on Tuesday that the total undisclosed taxable income from unreported HSBC accounts abroad was Rs 6400 crore.On the basis of investigations carried out so far in respect of the 628 entries/persons having accounts in HSBC, there was no amount mentioned in 289 cases while a sum of Rs 237 crore has been recovered as tax and penalties on blackmoney, it said.The (SIT) submitted its report on the progress made in tracing and bringing unaccounted wealth from tax heavens. In its third repo...

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