Black Money Disclosure
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Bring White Paper On Black Money Stashed Abroad: Congress To Centre
The Congress on Friday demanded that the government make a full disclosure of the nature of black money and names of the individuals who have stashed it in Swiss banks, and asked it to bring a white paper on how much of it has been brought back
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Can't Give Info On Black Money, May Harm Probe: PM Office On RTI Query
The Prime Minister's Office has refused to share details on the amount of black money brought back from abroad, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders.
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Finance Ministry Refuses To Share Reports On Black Money
The Finance Ministry has refused to share copy of three reports on the quantum of black money held by Indians inside the country and abroad, saying its disclosure would cause a breach of privilege of Parliament.
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100 Crores 'Black Money' Recovered In Income Tax Raids At 50 Locations Across India
The Income Tax department on Thursday conducted searches at over 50 locations as part of its crackdown against tax evasion to the tune of over Rs 100 crore, its first major action after the black money disclosure window of PMGKY ended recently.
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Opinion: Modi And Jaitley's Half-Baked Proposals On Political Funding
There will be an initial frisson of excitement when transparency measures are legislated, but the impact of such disclosures on the political outcome will be minimal. It would amount to no more than a grand but futile gesture.
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'Your Undisclosed Cash Deposits Not Hidden From Us': Tax Department Warns
The department added that "total confidentiality is ensured" under the scheme that is open till March 31.
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How To Avail PMGKY, The New Black Money Disclosure Scheme
The Pradhan Mantri Garib Kalyan Yojana provides last chance to holders of undisclosed income in the form of old 500 and 1,000 rupee notes to come clean.
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Post Raids, Black Money To Attract Over 137% In Tax, Penalty
Not declaring undisclosed cash or deposits under the scheme but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
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Income Disclosure Scheme Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
The disclosures made under the black money amnesty scheme is likely to be revised downwards to about Rs 55,000 crore after a declarant failed to deposit the first installment of the tax.
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IDS Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
Earlier, Finance Ministry revised upwards black money disclosed under Income Declaration Scheme to Rs 67,382 crore from Rs 65,250 crore estimate announced previously
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Indian Family Says Skipped Tax On $29 Billion: Foreign Media
A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation's richest man.
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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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Rs 2 Lakh Crore Black Money Declared By Mumbai Family Under Investigation: Government
A Mumbai family's income declaration of Rs 2 lakh crore has been rejected and investigations in the matter are on, the Union Finance Ministry has said. The ministry said the declaration was rejected as it was "suspicious in nature, being filed by persons of small means".
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December 30 Deadline For Depositing Old Notes Will Not Be Extended: 10 Facts
The government has said that it is sticking by the end-of-the-year deadline for depositing the 500 and 1,000-rupee notes that were banned earlier this month. The outlawed notes must be submitted to bank branches before they close on December 30. Those who have black money have a new chance to make the disclosure and hold onto 50% of the amount. The...
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Taxman Will Not Ask For Source Of Bank Deposits: Hasmukh Adhia
The disclosures will enjoy immunity from Wealth Tax, civil and other taxation laws but there will be no immunity from FEMA, PMLA, Narcotics and black money law, he said.
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Bring White Paper On Black Money Stashed Abroad: Congress To Centre
The Congress on Friday demanded that the government make a full disclosure of the nature of black money and names of the individuals who have stashed it in Swiss banks, and asked it to bring a white paper on how much of it has been brought back
-
Can't Give Info On Black Money, May Harm Probe: PM Office On RTI Query
The Prime Minister's Office has refused to share details on the amount of black money brought back from abroad, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders.
-
Finance Ministry Refuses To Share Reports On Black Money
The Finance Ministry has refused to share copy of three reports on the quantum of black money held by Indians inside the country and abroad, saying its disclosure would cause a breach of privilege of Parliament.
-
100 Crores 'Black Money' Recovered In Income Tax Raids At 50 Locations Across India
The Income Tax department on Thursday conducted searches at over 50 locations as part of its crackdown against tax evasion to the tune of over Rs 100 crore, its first major action after the black money disclosure window of PMGKY ended recently.
-
Opinion: Modi And Jaitley's Half-Baked Proposals On Political Funding
There will be an initial frisson of excitement when transparency measures are legislated, but the impact of such disclosures on the political outcome will be minimal. It would amount to no more than a grand but futile gesture.
-
'Your Undisclosed Cash Deposits Not Hidden From Us': Tax Department Warns
The department added that "total confidentiality is ensured" under the scheme that is open till March 31.
-
How To Avail PMGKY, The New Black Money Disclosure Scheme
The Pradhan Mantri Garib Kalyan Yojana provides last chance to holders of undisclosed income in the form of old 500 and 1,000 rupee notes to come clean.
-
Post Raids, Black Money To Attract Over 137% In Tax, Penalty
Not declaring undisclosed cash or deposits under the scheme but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
-
Income Disclosure Scheme Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
The disclosures made under the black money amnesty scheme is likely to be revised downwards to about Rs 55,000 crore after a declarant failed to deposit the first installment of the tax.
-
IDS Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
Earlier, Finance Ministry revised upwards black money disclosed under Income Declaration Scheme to Rs 67,382 crore from Rs 65,250 crore estimate announced previously
-
Indian Family Says Skipped Tax On $29 Billion: Foreign Media
A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation's richest man.
-
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.
-
Rs 2 Lakh Crore Black Money Declared By Mumbai Family Under Investigation: Government
A Mumbai family's income declaration of Rs 2 lakh crore has been rejected and investigations in the matter are on, the Union Finance Ministry has said. The ministry said the declaration was rejected as it was "suspicious in nature, being filed by persons of small means".
-
December 30 Deadline For Depositing Old Notes Will Not Be Extended: 10 Facts
The government has said that it is sticking by the end-of-the-year deadline for depositing the 500 and 1,000-rupee notes that were banned earlier this month. The outlawed notes must be submitted to bank branches before they close on December 30. Those who have black money have a new chance to make the disclosure and hold onto 50% of the amount. The...
-
Taxman Will Not Ask For Source Of Bank Deposits: Hasmukh Adhia
The disclosures will enjoy immunity from Wealth Tax, civil and other taxation laws but there will be no immunity from FEMA, PMLA, Narcotics and black money law, he said.
