Blackmoney India
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Income Tax Department Detects Cash-For-Seat Scam In Karnataka Medical Colleges
The Income Tax Department has detected an alleged cash-for-seat scam running in some Karnataka-based medical colleges, as the CBDT said over Rs 400 crore blackmoney has been generated in the name of capitation fee by these institutions.
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Blackmoney, Inducements Worth Over Rs 35 Crore Seized In Bihar
Cash and suspected illegal inducements for voters such as liquor seized in poll-bound Bihar have been valued at over Rs 35 crore, a figure much more than what was impounded by surveillance teams during the last assembly polls in 2015, according to the latest Election Commission data.
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To Curb Money Laundering, Banks To Now Match Original IDs With Photocopies
The Department of Revenue in the Finance Ministry has issued a gazette notification making an amendment to the Prevention of Money-laundering (Maintenance of Records) Rules.
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21,000 People Disclose Rs 4,900 Crore Black Money Under PMGKY: Report
The Income Tax Department, a top government official told PTI, has collected a tax of Rs 2,451 crore till now from these declarations.
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Response To Black Money Declaration Scheme (PMGKY) 'Not So Good', Says Government
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY. There are mainly two factors for it.
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3 Union Bank Employees Booked By CBI For Alleged Black Money Conversion
Three employees of Union Bank of India, Kanpur have been booked by the CBI for alleged cheating in the conversion of demonetised currency notes to the tune of over Rs 1 crore to "conceal blackmoney" of some people. The agency has registered a case of criminal conspiracy, cheating and corruption against these official for exchanging demonetised note...
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Over 1,100 Searches, 5,100 Notices Post Note Ban: Arun Jaitley
As part of efforts to combat blackmoney and fake currency through demonetisation, government agencies have conducted over 1,100 searches and issued 5,100 notices to verify suspicious high-value cash deposits.
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Lower Lending Rates To Cushion Note Ban, Up To 0.75% Cut Likely: Bank Of America
Demonetisation has led to a jump in bank deposit as withdrawals are restricted and blackmoney cash is switching to the banking channel.
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Unaccounted For Bank Deposits May Attract 60% Tax: Sources
Sources said the government is keen to root out benami deposits, particularly in Jan Dhan accounts.
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India To Get Info On Swiss Bank Accounts From September 2019
India will start getting financial information of accounts held by Indians in Swiss banks on automatic basis from September 2019, a move that will help fight the menace of black money stashed abroad.
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Those Robbed Of Black Money Not Letting Parliament Work: Smriti Irani
Hitting out at Opposition parties protesting against demonetisation, Union Textiles Minister Smriti Irani today claimed those who have been "robbed of black money" in the wake of the Centre's move, are not letting Parliament work.
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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.
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Government Looking Into Sudden Spurt In Jan Dhan Account Deposits
Government is looking into sudden 'propping up' of money into zero-balance Jan Dhan accounts, after an unprecedented Rs 2 lakh crore of cash flooded the banking system within just two days of demonetisation of high value currency.
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PM Modi Hints At More Action To Unearth Black Money
Hinting at more action to unearth black money, Prime Minister Narendra Modi said those holding unaccounted money will not be spared and there is no "guarantee" that no further steps would be taken after December 30 till when people can deposit the demonetised notes.
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An Important Step By Government To Curb Blackmoney: CBDT Chief
The demonetisation of Rs 500 and Rs 1,000 currency notes is a "very good step" to curb the menace of black money and will help check stashing of funds to a large extent, the CBDT chief today said as the department prepares to keep an eye on any suspicious transcation.
-
Income Tax Department Detects Cash-For-Seat Scam In Karnataka Medical Colleges
The Income Tax Department has detected an alleged cash-for-seat scam running in some Karnataka-based medical colleges, as the CBDT said over Rs 400 crore blackmoney has been generated in the name of capitation fee by these institutions.
-
Blackmoney, Inducements Worth Over Rs 35 Crore Seized In Bihar
Cash and suspected illegal inducements for voters such as liquor seized in poll-bound Bihar have been valued at over Rs 35 crore, a figure much more than what was impounded by surveillance teams during the last assembly polls in 2015, according to the latest Election Commission data.
-
To Curb Money Laundering, Banks To Now Match Original IDs With Photocopies
The Department of Revenue in the Finance Ministry has issued a gazette notification making an amendment to the Prevention of Money-laundering (Maintenance of Records) Rules.
-
21,000 People Disclose Rs 4,900 Crore Black Money Under PMGKY: Report
The Income Tax Department, a top government official told PTI, has collected a tax of Rs 2,451 crore till now from these declarations.
-
Response To Black Money Declaration Scheme (PMGKY) 'Not So Good', Says Government
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY. There are mainly two factors for it.
-
3 Union Bank Employees Booked By CBI For Alleged Black Money Conversion
Three employees of Union Bank of India, Kanpur have been booked by the CBI for alleged cheating in the conversion of demonetised currency notes to the tune of over Rs 1 crore to "conceal blackmoney" of some people. The agency has registered a case of criminal conspiracy, cheating and corruption against these official for exchanging demonetised note...
-
Over 1,100 Searches, 5,100 Notices Post Note Ban: Arun Jaitley
As part of efforts to combat blackmoney and fake currency through demonetisation, government agencies have conducted over 1,100 searches and issued 5,100 notices to verify suspicious high-value cash deposits.
-
Lower Lending Rates To Cushion Note Ban, Up To 0.75% Cut Likely: Bank Of America
Demonetisation has led to a jump in bank deposit as withdrawals are restricted and blackmoney cash is switching to the banking channel.
-
Unaccounted For Bank Deposits May Attract 60% Tax: Sources
Sources said the government is keen to root out benami deposits, particularly in Jan Dhan accounts.
-
India To Get Info On Swiss Bank Accounts From September 2019
India will start getting financial information of accounts held by Indians in Swiss banks on automatic basis from September 2019, a move that will help fight the menace of black money stashed abroad.
-
Those Robbed Of Black Money Not Letting Parliament Work: Smriti Irani
Hitting out at Opposition parties protesting against demonetisation, Union Textiles Minister Smriti Irani today claimed those who have been "robbed of black money" in the wake of the Centre's move, are not letting Parliament work.
-
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.
-
Government Looking Into Sudden Spurt In Jan Dhan Account Deposits
Government is looking into sudden 'propping up' of money into zero-balance Jan Dhan accounts, after an unprecedented Rs 2 lakh crore of cash flooded the banking system within just two days of demonetisation of high value currency.
-
PM Modi Hints At More Action To Unearth Black Money
Hinting at more action to unearth black money, Prime Minister Narendra Modi said those holding unaccounted money will not be spared and there is no "guarantee" that no further steps would be taken after December 30 till when people can deposit the demonetised notes.
-
An Important Step By Government To Curb Blackmoney: CBDT Chief
The demonetisation of Rs 500 and Rs 1,000 currency notes is a "very good step" to curb the menace of black money and will help check stashing of funds to a large extent, the CBDT chief today said as the department prepares to keep an eye on any suspicious transcation.
