Black Money Tax
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Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
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Interim Stay On Show-Cause Notice To Anil Ambani Under Black Money Act To Continue: High Court
The Bombay High Court today continued till further orders an interim stay on show-cause notice and penalty demand issued to industrialist Anil Ambani by the Income Tax department under the Black Money Act.
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Rs 13,566 Crore Tax Demands Raised In 4 Years: Minister
The income tax department raised tax demands amounting to Rs 13,566 crore during the last four financial years under the black money law to deal with undisclosed foreign income and assets, the government told Parliament on Monday.
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Notes Ban Enforced After "Extensive Talks With RBI": Centre To Court
The 2016 demonetisation was a "well-considered" decision and part of a larger strategy to combat the menace of fake money, terror financing, black money and tax evasion, the Union government has told the Supreme Court.
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Breather For Anil Ambani From Bombay High Court On Black Money Act Notice
In a breather for Anil Ambani, the Bombay High Court on Monday directed the Income Tax department not to take any coercive action against him till November 17 on a show cause notice seeking to prosecute him under the Black Money Act.
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No Coercive Action Against Anil Ambani Until Nov 17: Bombay High Court
The Bombay High Court on Monday directed the Income Tax department not to take any coercive action against Reliance Group Chairman Anil Ambani till November 17 on a show cause notice issued to him seeking to prosecute him under the Black Money Act.
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Tax Department Seeks To Prosecute Anil Ambani For Alleged Tax Evasion
The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.
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Rs 14,820 Crore Tax Demand Raised Under Black Money Law: Government
The government on Monday said it had raised a tax demand of Rs 14,820 crore after completing an assessment in 368 cases under the black money law dealing with undisclosed foreign income.
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Cash Transactions: Here Are The Limits And Penalties Under The Income Tax Rules
The government has set various limits on cash transactions to combat black money. Know the cash transactions that may invite serious penalties.
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Tax Department Detects Rs 300 Crore Black Money After Raids On 2 Rajasthan Groups
The Income Tax Department has detected unaccounted income totalling Rs 300 crore after it raided two Rajasthan-based groups engaged in the business of electrical goods manufacture and money lending respectively, the CBDT said on Tuesday.
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Tax Department Detects Rs 125 Crore Black Money After Raids On 2 Bengal Groups
The Income Tax Department has detected unaccounted income of over Rs 125 crore after it raided premises of two Asansol-based groups engaged in manufacturing steel and iron products among others, the CBDT said on Tuesday.
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No Estimate Of Black Money In Foreign Accounts In Last 5 Years: Centre In Parliament
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.
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Income Tax Raid On Gujarat Gutka Group Unearths Rs 100 Crore Black Money
The Income Tax Department has detected unaccounted income of more than Rs 100 crore after it recently raided a Gujarat-based gutka distributor, the CBDT said on Tuesday.
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Rs 200 Crore Black Income Found During Income Tax Raids On Kolkata Group
The Income Tax Department has detected unaccounted income of about Rs 200 crore after it recently raided a Kolkata group engaged in cement manufacturing and real estate, the CBDT said in a statement.
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Rs 50 Crore In Black Income Detected After Tax Raids In Rajasthan
The Income Tax (I-T) department has detected unaccounted income of over Rs 50 crore after raids on sand mining, liquor and real estate businesses in the border towns of Rajasthan, the Central Board of Direct Taxes (CBD) said on Thursday.
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Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
-
Interim Stay On Show-Cause Notice To Anil Ambani Under Black Money Act To Continue: High Court
The Bombay High Court today continued till further orders an interim stay on show-cause notice and penalty demand issued to industrialist Anil Ambani by the Income Tax department under the Black Money Act.
-
Rs 13,566 Crore Tax Demands Raised In 4 Years: Minister
The income tax department raised tax demands amounting to Rs 13,566 crore during the last four financial years under the black money law to deal with undisclosed foreign income and assets, the government told Parliament on Monday.
-
Notes Ban Enforced After "Extensive Talks With RBI": Centre To Court
The 2016 demonetisation was a "well-considered" decision and part of a larger strategy to combat the menace of fake money, terror financing, black money and tax evasion, the Union government has told the Supreme Court.
-
Breather For Anil Ambani From Bombay High Court On Black Money Act Notice
In a breather for Anil Ambani, the Bombay High Court on Monday directed the Income Tax department not to take any coercive action against him till November 17 on a show cause notice seeking to prosecute him under the Black Money Act.
-
No Coercive Action Against Anil Ambani Until Nov 17: Bombay High Court
The Bombay High Court on Monday directed the Income Tax department not to take any coercive action against Reliance Group Chairman Anil Ambani till November 17 on a show cause notice issued to him seeking to prosecute him under the Black Money Act.
-
Tax Department Seeks To Prosecute Anil Ambani For Alleged Tax Evasion
The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.
-
Rs 14,820 Crore Tax Demand Raised Under Black Money Law: Government
The government on Monday said it had raised a tax demand of Rs 14,820 crore after completing an assessment in 368 cases under the black money law dealing with undisclosed foreign income.
-
Cash Transactions: Here Are The Limits And Penalties Under The Income Tax Rules
The government has set various limits on cash transactions to combat black money. Know the cash transactions that may invite serious penalties.
-
Tax Department Detects Rs 300 Crore Black Money After Raids On 2 Rajasthan Groups
The Income Tax Department has detected unaccounted income totalling Rs 300 crore after it raided two Rajasthan-based groups engaged in the business of electrical goods manufacture and money lending respectively, the CBDT said on Tuesday.
-
Tax Department Detects Rs 125 Crore Black Money After Raids On 2 Bengal Groups
The Income Tax Department has detected unaccounted income of over Rs 125 crore after it raided premises of two Asansol-based groups engaged in manufacturing steel and iron products among others, the CBDT said on Tuesday.
-
No Estimate Of Black Money In Foreign Accounts In Last 5 Years: Centre In Parliament
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.
-
Income Tax Raid On Gujarat Gutka Group Unearths Rs 100 Crore Black Money
The Income Tax Department has detected unaccounted income of more than Rs 100 crore after it recently raided a Gujarat-based gutka distributor, the CBDT said on Tuesday.
-
Rs 200 Crore Black Income Found During Income Tax Raids On Kolkata Group
The Income Tax Department has detected unaccounted income of about Rs 200 crore after it recently raided a Kolkata group engaged in cement manufacturing and real estate, the CBDT said in a statement.
-
Rs 50 Crore In Black Income Detected After Tax Raids In Rajasthan
The Income Tax (I-T) department has detected unaccounted income of over Rs 50 crore after raids on sand mining, liquor and real estate businesses in the border towns of Rajasthan, the Central Board of Direct Taxes (CBD) said on Thursday.
