Black Money Disclosure Scheme
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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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Nothing Mysterious Behind September Deposit Surge: SBI Research
Deposits have grown by Rs 1 lakh crore in September over the last three years but a surge of Rs 2.87 lakh crore in this September, ahead of the move to discontinue the Rs 500 and Rs 1,000 banknotes, made it a "curious case", SBI Research said.
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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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Taxman Set To Intensify Anti-Black Money Operations
The government had earlier made it clear that those who hide their black wealth after the closure of these two opportunities will have to face legal consequences emerging out from the action of tax and financial enforcement agencies.
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Finance Ministry Declines To Share Black Money Assessment Reports
About Rs 65,250 crore of undeclared income has been declared under the recently concluded income Declaration Scheme, which provided an opportunity to people, who had not paid full taxes in the past, to come forward and declare their domestic undisclosed income and assets.
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Person Declared Rs 10,000 Crore Under Black Money Disclosure Scheme, Says Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu today claimed that Rs 10,000 crore was declared by single individual under the black money disclosure scheme.
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Black Money Window: Taxman Scanning Disclosures Filed Through Post
The Income Tax Department is doing physical verification by calling up declarants in whose name the disclosures have been filed through post to ensure that no one else has filed them fraudulently, a top official said.
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Black Money Disclosure: Taxman Says Identity Strictly Confidential
A huge sum of Rs 65,250 crore in black money was declared through the one-time declaration window that closed last week, marking the biggest-ever disclosure of hidden wealth that will rake in Rs 29,362 crore in taxes to the exchequer.
-
'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".
-
Nothing Mysterious Behind September Deposit Surge: SBI Research
Deposits have grown by Rs 1 lakh crore in September over the last three years but a surge of Rs 2.87 lakh crore in this September, ahead of the move to discontinue the Rs 500 and Rs 1,000 banknotes, made it a "curious case", SBI Research said.
-
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.
-
Taxman Set To Intensify Anti-Black Money Operations
The government had earlier made it clear that those who hide their black wealth after the closure of these two opportunities will have to face legal consequences emerging out from the action of tax and financial enforcement agencies.
-
Finance Ministry Declines To Share Black Money Assessment Reports
About Rs 65,250 crore of undeclared income has been declared under the recently concluded income Declaration Scheme, which provided an opportunity to people, who had not paid full taxes in the past, to come forward and declare their domestic undisclosed income and assets.
-
Person Declared Rs 10,000 Crore Under Black Money Disclosure Scheme, Says Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu today claimed that Rs 10,000 crore was declared by single individual under the black money disclosure scheme.
-
Black Money Window: Taxman Scanning Disclosures Filed Through Post
The Income Tax Department is doing physical verification by calling up declarants in whose name the disclosures have been filed through post to ensure that no one else has filed them fraudulently, a top official said.
-
Black Money Disclosure: Taxman Says Identity Strictly Confidential
A huge sum of Rs 65,250 crore in black money was declared through the one-time declaration window that closed last week, marking the biggest-ever disclosure of hidden wealth that will rake in Rs 29,362 crore in taxes to the exchequer.
