Run round in circles, only 3770 crore black money recovered

3770 crore black money recovered only!

3770 crore black money recovered only!

Is run round in circles. Cunopumtira went ahead. Raghababoyalara dharachomoyara went outside.
Country and abroad, hoping to recover the money deposited black window opens Narendra Modi government for three months. It was announced, in the three months ahead of himself, and having black money deposited will not accept any punishment. Will reduce income tax by just fine without it.
The three-month period ended at 1 pm on Wednesday night. They estimate that the Minister of Finance said, only 638 people came forward and admitted their black money. They acknowledged that the black money, the amount is only 3.770 billion. Those who came from the black money is acknowledged, the situation in the cunopumti, Finance Ministry officials, however, do not recognize it. The raghababoyalara fall into the trap I did!
Modi government, however, had expected a few penalties and tax arrears with the opportunity to acknowledge the black money in the trillions of black money can be recovered. That hope was not fulfilled. Narendra Modi's election campaign had promised, he came to power in 100 days all black money deposited abroad will return home. So black that it will save money in the account will be credited with 15 lakh!
Finding just 3.770 billion compared to the three months to the Congress at the fair, "Kya Hua Tera promise?" Ranadipa suryeoyala Congress spokesman said the prime minister Narendra Modi's claim was hollow extent, it was evidence. ''
A half months after the start of the period from the first of July, Independence Day, the Red Fort, Modi said, given the opportunity to declare black money has been recovered Rs 6,500 crore. The Ministry of Finance said today, after three months of 3.770 billion has been recovered. The question is natural, it is true is that?
Finance Minister Arun Jaitley argued, '' Prime Minister suitjaralyande eisaesabisi bank account with a bank that lists all Indians milechila, take legal action against them in the 6500 crore has been recovered. 3770 crore will be opened for a three-month window yielded. There's no mistake. ''
The question is, why are so few people came forward to admit black money? Said the Ministry of Finance, 30% tax on black money and will reduce to 30% without penalty. The new foreign exchange law or the law of black money recovered will be no penalty. Despite the fact that no one came forward to do?
According to tax experts, on the one hand the fine rate was more than enough. 60% of the total tax and penalties would be meaningless to the government exchequer. Because he gives the assurance that the Ministry would not be punished, and focus on the black money holders will not run, or will not be examining the documents, that the government has no commitment. Many of the reasons why he did not come forward to. In 1998, the same amount of tax-fine black money was given to the announcement. At that time, the house was submitted nearly 10 crore. Under Modi is now 3.770 billion in illegal revenues from the taxes and penalties on account of the treasury of the central government will submit a 2262 crore.
Then what?
Hasamukha arhiya Revenue Secretary said that the money would not admit black, at times, will be taken against them. '' Modi's government in accordance with the laws of the suppression of the new generation of black money, black money, look no match, 120% of the money to pay the taxes and the penalties will. Legal action will be taken. Jelao can be up to 10 years.
But that is not easy to match the look of black money, the Finance Ministry officials know very well. Because of this, many people came and black in the three months to accept the money the government had hoped to do. Wednesday sesabelateo Karnataka, Delhi or Rajasthan fixed at some of the lines were fine. That, however, expect sbadha Modi government.