Up to 137% tax for not declaring black money till March 31
The I-T department on Friday urged black money hoarders to come clean under the Pradhan Mantri Garib Kalyan Yojna, which closes on March 31. The tax and penalty against those who hide their black money and fail to avail the scheme could go up to 137%, an official said. Further, it has promised "confidentiality" for people who disclose illegal wealth.