Benami properties, black money bounty: Win Rs 5 cr from govt; here is how
The I-T department stated that the reward amount for information under the Foreign Black money Act has been kept high at Rs 5 crore to make it "attractive to potential sources" in foreign countries, adding "Under this Scheme, a person can get reward for giving specific information in prescribed manner about substantial tax evasion on income and assets abroad which are actionable under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015."
If you share "specific information" with the income tax department about any benami transaction or property, you could earn you up to Rs one crore. Representational Image, source: PTI