Black money: Government collects Rs 2,428 crore tax from 644 entities

Government has collected a total of Rs 2,428.4 crore in taxes after over 600 declarations were made by stash holders to the Income Tax department under the one-time black money compliance window that ended last year.
The Central Board of Direct Taxes, in a statement, said this amount was received by it by way of tax and penalty upto December 31.

There was a “shortfall” in collections under this category as in some cases there was prior information with the taxman which led to the disqualification of the declarations while some payments had come post the December deadline, it said.

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