Asset Declaration Scheme

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  Imran Khan Asks Pakistanis To Declare Their Undisclosed Assets By June 30

  Pakistan Prime Minister Imran Khan on Monday warned of legal action against those who do not declare their undisclosed assets by June 30, as the cash-strapped government ramps up efforts to fix the country's economy.

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  How Big Is Rs 2 Lakh Crore Declared By Mumbai-Based Sayed Family

  The money which the Sayed family has disclosed is 53 times of the total Rs 3,770 crore disclosed under last years foreign asset disclosure scheme.

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  Black Money Window: Taxman Says Bona Fide Revised Declaration To Be Valid

  In the biggest ever black money disclosure, at least Rs 65,250 crore of undisclosed assets were declared under the IDS that ended on September 30.

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  Government's Auditor May Review Income Declaration Scheme, Not Individual Disclosures

  As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations through the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS) that ended on September 30.

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  Foreign Media on PM Modi's Black Money Hunt: 'He Tried Everything'

  With a four-month window to declare undisclosed assets ending today, Prime Minister Narendra Modi has asked officials to work into the night to handle a last-minute rush of declarations.

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  Income Declaration Scheme: No Enquiry In Raids If Stash Declared

  The Central Board of Direct Taxes (CBDT) on Thursday issued a fresh clarification exempting those who declare untaxed assets or income under the ongoing black money declaration window from enquiry during future raids.

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  Income Declaration Scheme: Taxman Clarifies On Gains From Property Sale

  Capital gains tax on future sale of immovable property disclosed under the black money disclosure scheme will be levied from date of its acquisition, while for other assets, it will be computed from June 1, the day the scheme became operational, CBDT said.

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  Tax Department To Acknowledge Black Money Declarants By August-End

  Black money holders who have disclosed their ill-gotten assets during July under the ongoing compliance window will receive acknowledgement from the tax department by August 30.

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  No Collection Target Set For Income Declaration Scheme

  The Central Board of Direct Taxes (CBDT) has not set any collection or declaration target under the income declaration scheme that closes on September 30.

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  Finance Minister Arun Jaitley Warns Black Money Holders Of Consequences

  Asking domestic black money holders to take advantage of the ongoing scheme to come clean, Finance Minister Arun Jaitley on Thursday said those who have not yet declared their undisclosed foreign assets will face the consequences.

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  Compliance Window For Domestic Black Money Opens Tomorrow

  The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45 per cent on such assets will open tomorrow.

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  Compliance Window For Domestic Black Money Opens On June 1

  Under the Income Declaration Scheme, persons making disclosure of unaccounted assets will be given time up to November 30 to pay taxes, penalty and surcharge totalling 45 per cent at the fair market value.

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  Non-Declarants of Foreign Assets to Face Consequences: Arun Jaitley

  Finance Minister Arun Jaitley today warned that those who did not declare overseas black money during compliance window will face the consequences as the government will receive information about their wealth under automatic exchange of information, while others who took advantage of the scheme to come clean can "sleep well".

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  Non-Declarants of Foreign Assets to Face Consequences: Jaitley

  Finance Minister Arun Jaitley on Sunday warned that those who did not declare overseas black money during the one-time compliance window will face the consequences as the government will receive information about their wealth under automatic exchange of information, while others who took advantage of the scheme to come clean can "sleep well".

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  Black Money: E-filing Link to Declare Illegal Assets Launched

  According to the scheme, such a declaration filed online by an individual or entity will have to mandatorily bear a "digital signature" for validation.