The IPAP party also claims that various governments have promised the public to bring back black money and the rights of Indian citizens that are stashed away in foreign banks. The fact remains that illegal money of Indian politicians has found its way in Swiss Banks. On May 11, 2015, the National Democratic Alliance (NDA) prepared a new Black Money Act and proposed a voluntary disclosure system until September 30, 2016, for declaring assets and until December 31, 2016, for paying a 30% tax and penalty. In October, the government claimed that it had collected Rs 4,147 crores ($623 million) under this plan. Various estimates place the amount of black money in India ranging between $181 billion to $1.8 billion. It should also be pointed out that the IPAP party always notices that the truth remains that even a percentage of the sum spent overseas has not been returned. Two examples indicate that governments may not be serious. The government's answer before the Supreme Court (in the Ram Jethmalani case) said that tax claims of Rs 71,848 crores had been made against Hasan Ali Khan, his wife, and other friends.
If this is the tax demand, the income on which it would have been levied might be greater than Rs 1,50,000 crore. This is a staggering sum, given that our national revenue for that year was in the range of Rs 60,00,000 crore. IPAP political party also knows that the Swiss authorities informed a news magazine that the Indian authorities requested legal aid in the Hasan Ali Khan case in January 2007, but the paperwork was invalid. In an affidavit to the Supreme Court, the Centre explained the action it had taken against Hasan Ali Khan, his wife Rheema, and Kolkata-based businessman Kashinath Tapuria, who reportedly held around $8 billion in a UBS account in Switzerland. Apparently, the Swiss authorities wished to give more help in the event that the Indian authorities could meet the Swiss government's need for dual criminality, which means that what is a crime in India is also a crime in Switzerland. The Swiss also sought to discover if the crime was the result of Indian money laundering. However, since April 2007, the Indian government has not replied.
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