Modi Gives Last Chance for India Tax Evaders in $2 Trillion Hunt
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Indian Prime Minister Narendra Modi has a simple message for tax evaders: Come clean now and avoid jail.
Under a law proposed last week, offenders will have a window to declare income illegally stashed in overseas accounts and pay penalties before investigations start, Revenue Secretary Shaktikanta Das said in an interview on Tuesday. After that, they face as much as 10 years in jail and fines of as much as 300 percent of the amount originally owed to the government.