Income Tax department detects over Rs 10,000 crore undisclosed income last fiscal, says report
Updated : June 18, 2018 10:45 AM IST
The amount was detected by the department during the verification of cases of Non Pan Data, Foreign Account Tax Compliance Act (FATCA), Automotive Exchange of Info (AEOI), and Common reporting standard (CRS) data.
This amount is 20% higher than the amount detected in the preceding financial year.
FATCA cases shot up by three times, while actionable reports increased by 1.5 times.