New Delhi, May 28 (PTI) The Government has constituted a committee under the chairmanship of the chief of Central Board of Direct Taxes (CBDT) to examine ways for strengthening laws to curb generation of black money and prevent its transfer abroad, besides recovering such illegal assets.
The committee will consult various stakeholders and submit its report within six months, a statement from the Finance Ministry said today.
"The Government has constituted a committee under the chairmanship of Chairman, CBDT, to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery," it said.
The committee will examine the existing legal and administrative framework to deal with generation of black money through illegal means.