"We have been pursuing (to get back) all of foreign black money very aggressively. Idea of providing compliance window was that people come clean and disclose the black money. Since the window has shut tight... You have the figure, the number of money we have got through investigations, through HSBC and ICIJ..," he said.With regard to domestic black money, Sinha said such account holders are given a four-month deadline till September 30 to disclose any such income, after which penalties should be given. By then people will get to know what all changes would come. NEW DELHI: Minister of State for Finance Jayant Sinha today said more "sources of black money " will come to light as India is pursuing such cases very aggressively in many areas including the Panama papers "As we proceed with the investigations...more of these kind of sources of black money would come to light," Sinha said on the sidelines of an event here.He was replying to a query on reports of Income Tax Department unearthing over Rs 13,000 crore of black money stowed away in overseas banks based on two sources of information - HSBC and International Consortium of Investigative Journalists (ICIJ) - in 2011 and 2013.

Source: Economic Times June 27, 2016 10:41 UTC