No official estimation of quantum of black money in India

There was no official estimation of quantum of black money in India. However, post demonetization, the Income Tax Department (ITD) conducted searches in 900 groups of persons during November 2016 to March, 2017 leading to seizure of Rs 900 crores and admission of undisclosed income of Rs 7961 crores. . During the same period, 8239 surveys were conducted leading to detection of undisclosed income of Rs 6745 crores.