Reward for informers of illegal foreign assets hiked to â¹5cr
The Income Tax department has unveiled a scheme under which informants of undisclosed foreign income and assets can earn a reward of up to â¹5 crore. The informant can get a maximum instant reward of â¹50 lakh. On final settlement, the informant would receive 10% of the tax liability with the ceiling set at â¹5 crore.