The government today said there is no official estimation of the quantum of black money in circulation in the country and the amount stashed outside the country.<br/><br/>In a written reply in the Lok Sabha, Finance Minister Arun Jaitley said, the government, however, has taken a number of activities for eradicating and forfeiting black money.<br/><br/>Mr Jaitley said under direct taxes laws, such actions include searches, surveys, assessment of income, levy of tax, penalty and filing of prosecution complaints before criminal courts, wherever applicable.<br/><br/>He said from April to December 15, this year 15522 millions of currency notes printed in the country while it was 29,043 million in 2016-17.
News On AIR | December 29, 2017 5:22 PM
No official estimation of black money in circulation, says Finance Minister