Black Money Act: Govt Raises Rs 35,105 Crore in Tax Demands, Recovers Only Rs 338 Crore

Last updated: 24 July 2025

The Central Government has raised tax and penalty demands totalling Rs 35,105 crore under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA), but has recovered only Rs 338 crore over nearly a decade, the Finance Ministry informed the Rajya Sabha on Tuesday.

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