More black money involved in real estate business: Central Minister
Posted on: 29/Nov/2014 6:27:35 PM
The central government has informed that more black money is incirculation in real estate, jewellery, and mining.
The central Minister of State for Finance, Mr. Jayant Sinha, informed this while answering a question.
The Income-Tax department analysed the details of 273 companies during the first 6 months of the current Financial Year and confiscated Rs. 3371 Crores.
As per the analysis from the data for the last 3 years, real estate, Trading, Manufacturers, Contractors, Service departments, jewellery trading, and mining are the industries where more black money is in circulation.
