Income Disclosure Scheme
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No Relief To Those Who Defaulted On 1st IDS Instalment: Tax Department
It added that condonation of delay in payment due to these reasons "shall not be feasible", clarifying the situation once and for all.
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'Your Undisclosed Cash Deposits Not Hidden From Us': Tax Department Warns
The department added that "total confidentiality is ensured" under the scheme that is open till March 31.
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Income Disclosure Scheme May Help Meet Fiscal Deficit Target: RBI
External debt - both in absolute and relative terms (as ratio to GDP) - has declined and the foreign exchange reserves now cover a larger portion of total external debt and about 11 months of imports, the RBI report said.
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Income Disclosure Scheme To Fund Pay Commission, Public Sector Banks' Recapitalisation: Report
According to Bank of America Merrill Lynch the additional taxes under the IDS II would fund the 7th Pay Commission as well as recapitalise PSU banks without cutting back on public capex.
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How To Avail PMGKY, The New Black Money Disclosure Scheme
The Pradhan Mantri Garib Kalyan Yojana provides last chance to holders of undisclosed income in the form of old 500 and 1,000 rupee notes to come clean.
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Post Raids, Black Money To Attract Over 137% In Tax, Penalty
Not declaring undisclosed cash or deposits under the scheme but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
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Income Disclosure Scheme Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
The disclosures made under the black money amnesty scheme is likely to be revised downwards to about Rs 55,000 crore after a declarant failed to deposit the first installment of the tax.
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IDS Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
Earlier, Finance Ministry revised upwards black money disclosed under Income Declaration Scheme to Rs 67,382 crore from Rs 65,250 crore estimate announced previously
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Income Disclosure Scheme-II To Fund Pay Commission Hikes: Report
According to Bank of America Merrill Lynch (BofA-ML), the second income disclosure scheme (IDS-II) will fetch about Rs 1,000 billion (Rs 1 lakh crore)/0.7 per cent of GDP in additional taxes.
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Simple Form To Be Filled For Declarations Under New Tax Evasion Amnesty Scheme
A simple two-page form is all that needs to be filled for declaring unaccounted cash under the new tax evasion amnesty scheme which does not require one to reveal the source of such income.
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Lok Sabha Transacts Some Business Amid Din
After days of paralysis, the Lok Sabha today transacted some business as Supplementary Demand for Grants was passed amid ruckus created by some Opposition parties which continued to attack the government over demonetisation issue.
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Mumbai's Rs 2 Lakh Crore Family Admitted They Were A Front, Say Sources
Could the Rs 2 lakh crore income declaration by Mumbai-based family have been a front for certain "big names"? Sources in the income tax department say they are inquiring into the possibility.
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Indian Family Says Skipped Tax On $29 Billion: Foreign Media
A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation's richest man.
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How Big Is Rs 2 Lakh Crore Declared By Mumbai-Based Sayed Family
The money which the Sayed family has disclosed is 53 times of the total Rs 3,770 crore disclosed under last years foreign asset disclosure scheme.
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Income Tax Department Rejects Disclosure Of Over Rs 2 Lakh Crore
The government has revised upwards the total illicit wealth disclosed in the one-time window to Rs 67,382 crore as against Rs 65,250 crore estimated earlier.
-
No Relief To Those Who Defaulted On 1st IDS Instalment: Tax Department
It added that condonation of delay in payment due to these reasons "shall not be feasible", clarifying the situation once and for all.
-
'Your Undisclosed Cash Deposits Not Hidden From Us': Tax Department Warns
The department added that "total confidentiality is ensured" under the scheme that is open till March 31.
-
Income Disclosure Scheme May Help Meet Fiscal Deficit Target: RBI
External debt - both in absolute and relative terms (as ratio to GDP) - has declined and the foreign exchange reserves now cover a larger portion of total external debt and about 11 months of imports, the RBI report said.
-
Income Disclosure Scheme To Fund Pay Commission, Public Sector Banks' Recapitalisation: Report
According to Bank of America Merrill Lynch the additional taxes under the IDS II would fund the 7th Pay Commission as well as recapitalise PSU banks without cutting back on public capex.
-
How To Avail PMGKY, The New Black Money Disclosure Scheme
The Pradhan Mantri Garib Kalyan Yojana provides last chance to holders of undisclosed income in the form of old 500 and 1,000 rupee notes to come clean.
-
Post Raids, Black Money To Attract Over 137% In Tax, Penalty
Not declaring undisclosed cash or deposits under the scheme but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
-
Income Disclosure Scheme Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
The disclosures made under the black money amnesty scheme is likely to be revised downwards to about Rs 55,000 crore after a declarant failed to deposit the first installment of the tax.
-
IDS Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
Earlier, Finance Ministry revised upwards black money disclosed under Income Declaration Scheme to Rs 67,382 crore from Rs 65,250 crore estimate announced previously
-
Income Disclosure Scheme-II To Fund Pay Commission Hikes: Report
According to Bank of America Merrill Lynch (BofA-ML), the second income disclosure scheme (IDS-II) will fetch about Rs 1,000 billion (Rs 1 lakh crore)/0.7 per cent of GDP in additional taxes.
-
Simple Form To Be Filled For Declarations Under New Tax Evasion Amnesty Scheme
A simple two-page form is all that needs to be filled for declaring unaccounted cash under the new tax evasion amnesty scheme which does not require one to reveal the source of such income.
-
Lok Sabha Transacts Some Business Amid Din
After days of paralysis, the Lok Sabha today transacted some business as Supplementary Demand for Grants was passed amid ruckus created by some Opposition parties which continued to attack the government over demonetisation issue.
-
Mumbai's Rs 2 Lakh Crore Family Admitted They Were A Front, Say Sources
Could the Rs 2 lakh crore income declaration by Mumbai-based family have been a front for certain "big names"? Sources in the income tax department say they are inquiring into the possibility.
-
Indian Family Says Skipped Tax On $29 Billion: Foreign Media
A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation's richest man.
-
How Big Is Rs 2 Lakh Crore Declared By Mumbai-Based Sayed Family
The money which the Sayed family has disclosed is 53 times of the total Rs 3,770 crore disclosed under last years foreign asset disclosure scheme.
-
Income Tax Department Rejects Disclosure Of Over Rs 2 Lakh Crore
The government has revised upwards the total illicit wealth disclosed in the one-time window to Rs 67,382 crore as against Rs 65,250 crore estimated earlier.
