Black Money Bill
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Aadhaar Can Be Used For Cash Transactions Above Rs. 50,000: Revenue Secretary
In order to curb black money, quoting of PAN is mandatory for cash transactions, such as hotel or foreign travel bills, exceeding Rs 50,000.
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Centre Trying To "Save Crony Capitalist Friends", Alleges Congress
The Congress on Wednesday accused the government of trying to weave a web of deception on the issue of black money to save its "crony capitalist friends".
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A Year Since Note Ban, RBI Says Still Verifying Returned Notes
The returned Rs 500 and Rs 1,000 bills are being "processed in all earnest," the apex bank said.
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PM Modi Anti-Graft Drive Hit, 99% Of Banned Notes Returned
People have deposited nearly all the currency bills voided by Prime Minister Narendra Modi, denting the central bank's profit and dealing a blow to his drive to unearth unaccounted wealth.
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'Why Force Aadhaar On Taxpayers?' Minister Arun Jaitley Has The Answer
The controversial move to force income taxpayers to link their permanent account number or PAN to the 12-digit Aadhaar number is a key step taken by the Centre as part of the ongoing exercise to clamp down on black money, Finance Minister Arun Jaitley said. The new provisions, part of the Finance Bill that was cleared by the Lok Sabha after Mr Jait...
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As Much As 97% Of Banned Notes Are Back In Banks: Report
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.
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Government To Notify Scheme For Taxing Black Money Holders This Week
Government is likely to notify this week the scheme giving tax dodgers another chance to come clean by paying 50 per cent of tax on junked currency deposited in banks post demonetisation.
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Rahul Gandhi Goes To President On Tax Bill, 'Best Wishes,' Says Government
Rahul Gandhi and 25 other opposition leaders from 16 parties met President Pranab Mukherjee this evening to complain against the manner in which the government has pushed in parliament a new proposal to tax black or undeclared money.
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Married Women Allowed 500 Gram Gold, Unmarried Women 250 Gram, Clarifies Government
The government's clarification on whether new tax rules for undeclared wealth will apply to gold and other jewellery today drew the spotlight on a 26-year-old rule that draws a distinction between "married and unmarried women" when it comes to how much gold one can get away with.
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Government Returning 50 Per Cent Black Money To Hoarders: Rahul Gandhi
Congress vice-president Rahul Gandhi today accused the government of helping black money hoarders with the amendment to the income tax law, saying half of the unaccounted cash would now be returned to them.
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Government Keen On Proper Discussion On GST Bills In Parliament
Government is keen to have proper discussion on the three GST legislations in Parliament even as the Lok Sabha today pushed through the I-T Amendment Bill amid din without debate.
-
Disclosed Black Money To Be Taxed At 50% Gets Closer To Being Law
The government's new proposal on how to tax black or undeclared money was cleared today by the Lok Sabha, where the government is in a majority. The bill must now be approved by the Rajya Sabha within 14 days. If not, it automatically becomes the law. The legislation has been introduced as the next step in the huge initiative launched earlier this ...
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Black Money Tax: Government's New Income Declaration Scheme In 10 Points
With the ban on 500 and 1,000-rupee notes now more than two weeks old, the government has proposed new rules to tax black money that is being unearthed. The bill was submitted on Monday for parliament's review by Finance Minister Arun Jaitley as the government is being attacked by a united opposition over its sudden withdrawal of 86 per cent of the...
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After Fierce Criticism From Dr Manmohan Singh, PM Modi Shakes Hands In Lunch Break
After a short but precise speech in which Dr Manmohan Singh said the government's mishandling of the ban on high-denomination notes amounts to "organised loot, legalised plunder," Prime Minister Narendra Modi walked over to his predecessor and shook hands when parliament broke for lunch.
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Banks Have Received $80 Billion In 500, 1,000 Rupee Notes, Says RBI: 10 Points
The Reserve Bank of India on Monday said banks have received 5.45 trillion rupees or 80 billion dollars in 500 and 1,000 rupee notes from November 10 to 18, after the government decided to withdraw high value bills to eliminate black or untaxed money and counterfeit currency.
-
Aadhaar Can Be Used For Cash Transactions Above Rs. 50,000: Revenue Secretary
In order to curb black money, quoting of PAN is mandatory for cash transactions, such as hotel or foreign travel bills, exceeding Rs 50,000.
-
Centre Trying To "Save Crony Capitalist Friends", Alleges Congress
The Congress on Wednesday accused the government of trying to weave a web of deception on the issue of black money to save its "crony capitalist friends".
-
A Year Since Note Ban, RBI Says Still Verifying Returned Notes
The returned Rs 500 and Rs 1,000 bills are being "processed in all earnest," the apex bank said.
-
PM Modi Anti-Graft Drive Hit, 99% Of Banned Notes Returned
People have deposited nearly all the currency bills voided by Prime Minister Narendra Modi, denting the central bank's profit and dealing a blow to his drive to unearth unaccounted wealth.
-
'Why Force Aadhaar On Taxpayers?' Minister Arun Jaitley Has The Answer
The controversial move to force income taxpayers to link their permanent account number or PAN to the 12-digit Aadhaar number is a key step taken by the Centre as part of the ongoing exercise to clamp down on black money, Finance Minister Arun Jaitley said. The new provisions, part of the Finance Bill that was cleared by the Lok Sabha after Mr Jait...
-
As Much As 97% Of Banned Notes Are Back In Banks: Report
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.
-
Government To Notify Scheme For Taxing Black Money Holders This Week
Government is likely to notify this week the scheme giving tax dodgers another chance to come clean by paying 50 per cent of tax on junked currency deposited in banks post demonetisation.
-
Rahul Gandhi Goes To President On Tax Bill, 'Best Wishes,' Says Government
Rahul Gandhi and 25 other opposition leaders from 16 parties met President Pranab Mukherjee this evening to complain against the manner in which the government has pushed in parliament a new proposal to tax black or undeclared money.
-
Married Women Allowed 500 Gram Gold, Unmarried Women 250 Gram, Clarifies Government
The government's clarification on whether new tax rules for undeclared wealth will apply to gold and other jewellery today drew the spotlight on a 26-year-old rule that draws a distinction between "married and unmarried women" when it comes to how much gold one can get away with.
-
Government Returning 50 Per Cent Black Money To Hoarders: Rahul Gandhi
Congress vice-president Rahul Gandhi today accused the government of helping black money hoarders with the amendment to the income tax law, saying half of the unaccounted cash would now be returned to them.
-
Government Keen On Proper Discussion On GST Bills In Parliament
Government is keen to have proper discussion on the three GST legislations in Parliament even as the Lok Sabha today pushed through the I-T Amendment Bill amid din without debate.
-
Disclosed Black Money To Be Taxed At 50% Gets Closer To Being Law
The government's new proposal on how to tax black or undeclared money was cleared today by the Lok Sabha, where the government is in a majority. The bill must now be approved by the Rajya Sabha within 14 days. If not, it automatically becomes the law. The legislation has been introduced as the next step in the huge initiative launched earlier this ...
-
Black Money Tax: Government's New Income Declaration Scheme In 10 Points
With the ban on 500 and 1,000-rupee notes now more than two weeks old, the government has proposed new rules to tax black money that is being unearthed. The bill was submitted on Monday for parliament's review by Finance Minister Arun Jaitley as the government is being attacked by a united opposition over its sudden withdrawal of 86 per cent of the...
-
After Fierce Criticism From Dr Manmohan Singh, PM Modi Shakes Hands In Lunch Break
After a short but precise speech in which Dr Manmohan Singh said the government's mishandling of the ban on high-denomination notes amounts to "organised loot, legalised plunder," Prime Minister Narendra Modi walked over to his predecessor and shook hands when parliament broke for lunch.
-
Banks Have Received $80 Billion In 500, 1,000 Rupee Notes, Says RBI: 10 Points
The Reserve Bank of India on Monday said banks have received 5.45 trillion rupees or 80 billion dollars in 500 and 1,000 rupee notes from November 10 to 18, after the government decided to withdraw high value bills to eliminate black or untaxed money and counterfeit currency.
