In a breakthrough in the government's efforts to track down black money held by Indians in foreign banks, Germany has given Indian authorities a list of some 50 individuals who have now been sent notices for tax evasion.
Highly placed sources in the Finance Ministry said that the government in Germany had sent a list some two months ago and notices were sent after scrutinising the same.
"Based on whatever information we received from the German authorities, we have issued notices to the tax evaders related to Indian context in February and March," a senior
official of the Central Board of Direct Taxes (CBDT) said.
However, the exact number of persons contained in the list and the illegal money in the accounts of German banks could not be ascertained immediately.
The sources also indicated that information about these persons is being collected and other suitable action could follow.