I-T Dept detects undisclosed income of Rs. 565 crore

Income Tax authorities say, undisclosed income of Indians totalling 565 crore rupees has been detected in France. The figure was disclosed in the information that India received from France on Indians having bank accounts, under the exchange of information clause of the Double Taxation Avoidance Agreement (DTAA) with the European country.
The Central Board of Direct Taxes, CBDT told Parliament’s Public Accounts Committee (PAC) that in 219 cases, the tax authorities have detected undisclosed income totalling 565 crore rupees and taxes amounting to 181 crore have already been realised.