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IT depart sends questionnaire list to individuals named in Panama Papers

Acting on the “Panama Papers” leak, the income-tax department has sent a detailed questionnaire to about 50 individuals and entities figuring in the list of those allegedly holding offshore assets in tax havens.
Officials said investigation wings of the department in different cities have dispatched the communication to these people whose names have appeared in the newspaper Indian Express seeking answers on two broad questions from them.
The first question seeks to know if they are indeed the person named in the list made public recently and the second asks them about the vitals of their transactions made with the law firm Mossack Fonseca.
It includes the year of incorporation, their source of income, details of business transactions done and whether they declared these investments and transactions to the I-T department and other regulatory bodies like RBI any time until now.
They said as and when the department obtains more names, fresh communication of this kind will be sent. There are about 500 Indians named in the list which includes prominent businessmen, film celebrities and those belonging to lucrative professions.


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