The Centre’s efforts to unearth unaccounted money stashed abroad seems to have got a tepid response, with the declarations made under the three-month compliance window that ended on Wednesday turning out to be much lower than expected. The government ruled out an extension of the one-time relief window, saying it was not a measure to raise revenues but an opportunity for people with undeclared money to avoid prosecution under the unaccounted money legislation.

Source : http://www.business-standard.com/article/economy-policy/only-rs-3k-cr-disclosures-in-govt-s-compliance-window-115100100064_1.html

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