Black Money In Foreign Accounts

No official estimate on black money lying in foreign accounts over last 5 years, however, Rs 2,476 crore has been collected as tax and penalty under the compliance window during 2015, government said in Parliament on Tuesday.

Government has said that there is no official estimation of how much of black money is lying in foreign accounts over the last five years

India was placed at 75th position in 2015 and at 61st in the year before that.

Finance Minister Arun Jaitley said investigation against 628 persons named in the HSBC list of Indians holding foreign bank accounts has been completed, an assessment to the tune of Rs 8,437 crore in 409 of these cases made and 190 prosecutions filed against them.

Congress Vice President Rahul Gandhi today addressed the Congress Working Committee convention in Delhi's Talkatora Stadium. The convention - named the Jan Vedna Sammelan - that began at around 10 am today discussed matters on Congress' future course of action for protest against the government's notes ban move. Rahul Gandhi, 46, said it is a clash...

While seeking information from a foreign country in connection with black money stashed abroad by Indians, the Central Board of Direct Taxes (CBDT) has decided to refrain from invoking a specific treaty clause of not informing the person, except in special cases, in a bid to avoid delays.

Having started making public the names of Indians and other foreigners with bank accounts that are under scanner, Switzerland will now publish in December a list of accounts that have remained unclaimed for 60 years.

With a deadline for declaring illegal assets expiring on Wednesday, billions of rupees hidden in foreign bank accounts or funneled into property abroad will emerge into the light - or so the government hopes.

When a deadline for declaring illegal assets expires today, billions of rupees hidden in foreign bank accounts or funnelled into property abroad will emerge into the light - or so the government hopes.

The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US.

Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.

The Undisclosed Foreign Income and Assets bill, which provides for heavy penalties for those stashing away black money in foreign accounts, was passed in the Lok Sabha today.

As India reacted to the disclosure that there are nearly 1,700 Indians on a list of those who held accounts in 2007 at HSBC's Geneva branch, the whistleblower who unloaded the trove of data told NDTV that he has formally joined the Indian government's investigation to recover untaxed or black money from foreign accounts.

The Centre has started legal proceedings against 60 people who have allegedly parked black or untaxed money in illegal foreign accounts, sources have told NDTV. The money allegedly kept in these accounts could be more than Rs.1500 crore.

The Union government has started legal proceedings against 60 people who allegedly have black money stashed away in illegal foreign accounts, sources told NDTV.

No official estimate on black money lying in foreign accounts over last 5 years, however, Rs 2,476 crore has been collected as tax and penalty under the compliance window during 2015, government said in Parliament on Tuesday.

Government has said that there is no official estimation of how much of black money is lying in foreign accounts over the last five years

India was placed at 75th position in 2015 and at 61st in the year before that.

Finance Minister Arun Jaitley said investigation against 628 persons named in the HSBC list of Indians holding foreign bank accounts has been completed, an assessment to the tune of Rs 8,437 crore in 409 of these cases made and 190 prosecutions filed against them.

Congress Vice President Rahul Gandhi today addressed the Congress Working Committee convention in Delhi's Talkatora Stadium. The convention - named the Jan Vedna Sammelan - that began at around 10 am today discussed matters on Congress' future course of action for protest against the government's notes ban move. Rahul Gandhi, 46, said it is a clash...

While seeking information from a foreign country in connection with black money stashed abroad by Indians, the Central Board of Direct Taxes (CBDT) has decided to refrain from invoking a specific treaty clause of not informing the person, except in special cases, in a bid to avoid delays.

Having started making public the names of Indians and other foreigners with bank accounts that are under scanner, Switzerland will now publish in December a list of accounts that have remained unclaimed for 60 years.

With a deadline for declaring illegal assets expiring on Wednesday, billions of rupees hidden in foreign bank accounts or funneled into property abroad will emerge into the light - or so the government hopes.

When a deadline for declaring illegal assets expires today, billions of rupees hidden in foreign bank accounts or funnelled into property abroad will emerge into the light - or so the government hopes.

The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US.

Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.

The Undisclosed Foreign Income and Assets bill, which provides for heavy penalties for those stashing away black money in foreign accounts, was passed in the Lok Sabha today.

As India reacted to the disclosure that there are nearly 1,700 Indians on a list of those who held accounts in 2007 at HSBC's Geneva branch, the whistleblower who unloaded the trove of data told NDTV that he has formally joined the Indian government's investigation to recover untaxed or black money from foreign accounts.

The Centre has started legal proceedings against 60 people who have allegedly parked black or untaxed money in illegal foreign accounts, sources have told NDTV. The money allegedly kept in these accounts could be more than Rs.1500 crore.

The Union government has started legal proceedings against 60 people who allegedly have black money stashed away in illegal foreign accounts, sources told NDTV.