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Key Points

The Indian government has uncovered a staggering Rs 77,871 crore in undisclosed income through extensive tax surveys across three fiscal years. Income Tax Department conducted 3,344 group searches, resulting in seizure of Rs 6,824 crore worth of assets. Minister Pankaj Chaudhary revealed these findings in a parliamentary statement, highlighting the government's aggressive approach to tax evasion. The data demonstrates significant efforts to track and penalize hidden financial resources.

Key Points: IT Dept Uncovers Rs 77,871 Crore Undisclosed Income Nationwide

  • Massive Rs 77,871 crore undisclosed income detected in three financial years
  • 3,344 groups searched in Income Tax Department operations
  • 1,245 surveys conducted in 2022-23 fiscal year
  • Foreign asset disclosures reveal additional tax evasion strategies
2 min read

Rs 77,871 crore undisclosed income detected in 3 fiscals, Rs 6,824 crore assets seized: Govt

Government reveals massive tax evasion detection across three fiscal years, seizing Rs 6,824 crore in hidden assets through strategic surveys

"Whenever any credible information of 'direct tax' evasion comes to notice, suitable actions are taken - Pankaj Chaudhary, Minister of State for Finance"

New Delhi, Aug 5

A total of Rs 77,871.44 crore in undisclosed income was detected in three financial years (2022-23, 2023-24 and 2024-25) via tax evasion surveys from the Income Tax Department, the Parliament was informed on Tuesday.

For FY 2022-23, the Department conducted 1,245 surveys to detect Rs 9,805.04 crore worth of undisclosed income, which surged considerably to Rs 37,622.23 crore via 737 surveys, Minister of State for Finance, Pankaj Chaudhary, said in a written reply to a question in the Rajya Sabha.

In FY 2024-25, the amount of undisclosed income detected was Rs 30,444.17 crore via 465 surveys.

In the same period of three financial years, 3,344 groups were searched as part of search and seizure operations, resulting in Rs 6,824.34 crore worth of assets being seized, the minister added.

As far as the Income Tax Department is concerned, whenever any credible information of 'direct tax' evasion comes to its notice, it takes suitable actions, including surveys, search and seizure operations, assessments, to bring to tax the undisclosed income, he said.

Additionally, since the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, came into force on July 1, 2015, 684 disclosures involving undisclosed foreign assets worth Rs 4,164 crore were made in the one-time three-month compliance window, from July 1, 2015, to September 30, 2015.

"The amount collected by way of tax and penalty in such cases was about Rs 2476 crore. Further, till 31.03.2025, 1,021 assessments have been completed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, raising tax and penalty demand of over Rs 35,105 crore approximately and 163 prosecution complaints have been filed," the minister said.

Moreover, Section 51 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 is one of the scheduled offences under Part C of the schedule to the PML Act, 2002.

In 17 such cases, the Enforcement Directorate has attached/seized proceeds of crime amounting to Rs 89.78 crore and filed 10 Prosecution Complaints, including 4 Supplementary Prosecution Complaints.

In addition, the ED has also seized assets amounting to Rs 285.39 crore under Section 37A of the FEMA in 12 cases involving violations related to the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, according to the minister.

- IANS

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Reader Comments

P
Priya S
While the numbers look impressive, I wonder how much actually gets recovered. The government should publish recovery rates too. Also, why are big fish rarely caught? Only small businesses seem to face the heat. 🤔
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Arjun K
Good work by IT department! But ₹6,824 crore seized vs ₹77,871 crore detected shows the challenge in recovery. Need better systems to track black money. Also, simplify tax laws to reduce evasion opportunities.
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Sarah B
As an NRI, I'm impressed by India's efforts to track foreign assets. The ₹4,164 crore disclosure window was a smart move. More such initiatives needed to bring back money stashed abroad. Proud of our systems improving! 🇮🇳
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Vikram M
The numbers are staggering but the real question is - how much of this recovered money actually benefits common citizens? We see so many raids but little improvement in public services. Transparency needed in fund utilization.
K
Kavya N
Instead of just focusing on seizures, government should educate people about tax benefits. Many small businesses evade taxes because they find the process too complicated. Simplify + educate = better compliance! 💡
M
Michael C
Comparing India's tax recovery mechanisms with Western countries would be interesting. The ₹35,105 crore demand under Black Money

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