Black Money Window
- All
- News
- Videos
-
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.
-
No Estimate Of Black Money In Foreign Accounts In Last 5 Years: Government
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
-
21,000 People Disclose Rs 4,900 Crore Black Money Under Government Scheme
Black money worth Rs 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetisation, an official said today.
-
No Exceptions For Depositing Old Notes: Centre To Chief Justice Of India
One last opportunity to deposit the 500- and 1,000-rupee notes that were banned in November will defeat the whole point of demonetisation as well as the battle against black money, the government told the Supreme Court today.
-
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.
-
PMGKY: Select Tax Department Offices To Be Open Till March 31 Midnight
The last date for making declaration under the Pradhan Mantri Garib Kalyan Yojana, 2016 is March, 31 2017.
-
'Countdown' Has Begun, Income Tax Department Warns Black Money Hoarders
The Income Tax department today warned black money holders that it has "information" about their illegal deposits and they should avail the soon-to-end the Pradhan Mantri Garib Kalyan Yojana (PMGKY) window to come clean.
-
Nearly 4 Lakh Crores Of Black Money Placed In Banks After Notes Ban: Report
As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of scrapped high value Rs 500/1000 notes.
-
Ordinance Criminalising Holding Old Notes Gets Prezident's Assent
The government had, while announcing demonetisation on November 8, given a 50-day window to exchange or deposit the old notes
-
Demonetisation: 50% Income Tax On Unaccounted Deposits Or 85% If Caught
Providing a window to black money holders, the government proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don't disclose but are caught.
-
Do Not Be Misused By The Corrupt: Government Warning on Notes Ban
Government today cautioned Jan Dhan account holders, housewives and artisans that they will be prosecuted under the I-T Act for allowing misuse of their bank accounts through deposit of black money in Rs 500/1,000 notes during the 50-day window till December 30.
-
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.
-
200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing
Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.
-
Deposits Above Rs. 2.5 Lakh To Face Tax, 200% Penalty On Mismatch
The government has allowed citizens to deposit in their bank accounts old currency of Rs 500 and Rs 1,000 denominations between November 10 and December 30.
-
'It Pays To Be Honest': Arun Jaitley Explains Decision To Abolish Rs 500 And Rs 1000 Notes
It pays to be honest, said Finance Minister Arun Jaitley today, describing the government's decision to scrap 500 and 1000 rupee notes overnight as a "gamechanger." People with black money are worried, he said.
-
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.
-
No Estimate Of Black Money In Foreign Accounts In Last 5 Years: Government
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
-
21,000 People Disclose Rs 4,900 Crore Black Money Under Government Scheme
Black money worth Rs 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetisation, an official said today.
-
No Exceptions For Depositing Old Notes: Centre To Chief Justice Of India
One last opportunity to deposit the 500- and 1,000-rupee notes that were banned in November will defeat the whole point of demonetisation as well as the battle against black money, the government told the Supreme Court today.
-
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.
-
PMGKY: Select Tax Department Offices To Be Open Till March 31 Midnight
The last date for making declaration under the Pradhan Mantri Garib Kalyan Yojana, 2016 is March, 31 2017.
-
'Countdown' Has Begun, Income Tax Department Warns Black Money Hoarders
The Income Tax department today warned black money holders that it has "information" about their illegal deposits and they should avail the soon-to-end the Pradhan Mantri Garib Kalyan Yojana (PMGKY) window to come clean.
-
Nearly 4 Lakh Crores Of Black Money Placed In Banks After Notes Ban: Report
As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of scrapped high value Rs 500/1000 notes.
-
Ordinance Criminalising Holding Old Notes Gets Prezident's Assent
The government had, while announcing demonetisation on November 8, given a 50-day window to exchange or deposit the old notes
-
Demonetisation: 50% Income Tax On Unaccounted Deposits Or 85% If Caught
Providing a window to black money holders, the government proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don't disclose but are caught.
-
Do Not Be Misused By The Corrupt: Government Warning on Notes Ban
Government today cautioned Jan Dhan account holders, housewives and artisans that they will be prosecuted under the I-T Act for allowing misuse of their bank accounts through deposit of black money in Rs 500/1,000 notes during the 50-day window till December 30.
-
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.
-
200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing
Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.
-
Deposits Above Rs. 2.5 Lakh To Face Tax, 200% Penalty On Mismatch
The government has allowed citizens to deposit in their bank accounts old currency of Rs 500 and Rs 1,000 denominations between November 10 and December 30.
-
'It Pays To Be Honest': Arun Jaitley Explains Decision To Abolish Rs 500 And Rs 1000 Notes
It pays to be honest, said Finance Minister Arun Jaitley today, describing the government's decision to scrap 500 and 1000 rupee notes overnight as a "gamechanger." People with black money are worried, he said.
