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India targets tax evaders who hide 'black money' at home and abroad

Sept 30 tax payment deadline for those who have stashed cash in foreign accounts

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India's history as a socialist-leaning country unfriendly to business meant the country's rich routinely hid their wealth by hoarding cash, jewellery and expensive artwork or parking it in tax havens abroad.

New Delhi

AMONG the pledges that propelled Indian Prime Minister Narendra Modi to power a year ago was one to bring home millions of dollars of illicit money the super rich had stashed abroad.

Trying to make good on his promise, his government has introduced a string of tough new

sentifi.com

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