Foreign Tax Compliance Law
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Rs 6,500 Crore Declared Under Black Money Law: PM Modi
Committing to carry forward the fight against black money, Prime Minister Narendra Modi today said Rs 6,500 crore of undisclosed foreign assets have been declared under the compliance window of the new law and the drive would continue despite its 'side effects'.
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Rs 6,500 Crore Declared Under Black Money Law, Says PM Narendra Modi
Committing to carry forward the fight against black money, Prime Minister Narendra Modi today said Rs 6,500 crore of undisclosed foreign assets have been declared under the compliance window of the new law and the drive would continue despite its 'side effects'.
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Names Can be Revealed in Public Interest: Government on Black Money
Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government today said details of information provided during the one-time compliance window can be revealed in the public interest.
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Names Can Be Revealed in Public Interest: Government on Black Money
Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government on Tuesday said details of information provided during the one-time compliance window can be revealed in the public interest.
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Blackmoney: E-Filing Link to Declare Illegal Assets Launched
The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government.
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Black Money Compliance Window Not to Apply if Proceedings Already On: Government
The government has said Indians against whom information has been received from foreign nations on overseas accounts or assets won't be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.
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Black Money: Government Says Compliance Window Last Chance to Come Clean
Terming the rules for the new black money law "simple and clear", the Finance Ministry on Saturday said the ongoing compliance window will be the last chance to come clean on undisclosed foreign assets.
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Black Money Law: Compliance Window Not to Apply if Proceedings Already On
The government on Friday said Indians against whom information has been received from foreign nations on overseas accounts or assets will not be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.
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Government Extends Deadline for Declaring Black Money Till September 30
The Finance Ministry has extended the deadline for declaring undisclosed foreign income or black money till September 30. However, assets declared within the 'compliance window' will invite a 30 per cent tax and a penalty of the same amount which can be paid by December 31.
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Mutual Funds Rope in KPMG to Comply With New US Tax Law
FATCA, which took effect from July 1, may have significant implications for Indians residing in the US and investing in products offered by the Rs 10 trillion Indian mutual fund industry.
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RBI Says India to Implement US Foreign Tax Compliance Act
India and the US have agreed to implement Foreign Accounts Tax Compliance Act (FATCA), a US law that targets tax non-compliance by US taxpayers with foreign accounts. The Inter-Governmental Agreement (IGA) on FATCA, which came into effect on April 11, will be signed only after Cabinet approval.
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Rs 6,500 Crore Declared Under Black Money Law: PM Modi
Committing to carry forward the fight against black money, Prime Minister Narendra Modi today said Rs 6,500 crore of undisclosed foreign assets have been declared under the compliance window of the new law and the drive would continue despite its 'side effects'.
-
Rs 6,500 Crore Declared Under Black Money Law, Says PM Narendra Modi
Committing to carry forward the fight against black money, Prime Minister Narendra Modi today said Rs 6,500 crore of undisclosed foreign assets have been declared under the compliance window of the new law and the drive would continue despite its 'side effects'.
-
Names Can be Revealed in Public Interest: Government on Black Money
Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government today said details of information provided during the one-time compliance window can be revealed in the public interest.
-
Names Can Be Revealed in Public Interest: Government on Black Money
Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government on Tuesday said details of information provided during the one-time compliance window can be revealed in the public interest.
-
Blackmoney: E-Filing Link to Declare Illegal Assets Launched
The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government.
-
Black Money Compliance Window Not to Apply if Proceedings Already On: Government
The government has said Indians against whom information has been received from foreign nations on overseas accounts or assets won't be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.
-
Black Money: Government Says Compliance Window Last Chance to Come Clean
Terming the rules for the new black money law "simple and clear", the Finance Ministry on Saturday said the ongoing compliance window will be the last chance to come clean on undisclosed foreign assets.
-
Black Money Law: Compliance Window Not to Apply if Proceedings Already On
The government on Friday said Indians against whom information has been received from foreign nations on overseas accounts or assets will not be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.
-
Government Extends Deadline for Declaring Black Money Till September 30
The Finance Ministry has extended the deadline for declaring undisclosed foreign income or black money till September 30. However, assets declared within the 'compliance window' will invite a 30 per cent tax and a penalty of the same amount which can be paid by December 31.
-
Mutual Funds Rope in KPMG to Comply With New US Tax Law
FATCA, which took effect from July 1, may have significant implications for Indians residing in the US and investing in products offered by the Rs 10 trillion Indian mutual fund industry.
-
RBI Says India to Implement US Foreign Tax Compliance Act
India and the US have agreed to implement Foreign Accounts Tax Compliance Act (FATCA), a US law that targets tax non-compliance by US taxpayers with foreign accounts. The Inter-Governmental Agreement (IGA) on FATCA, which came into effect on April 11, will be signed only after Cabinet approval.
