Undeclared Bank Accounts
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Credit Suisse Hid Over $700 Million From US Department Of Justice: Senate
Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday.
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PM Narendra Modi Likely To Address The Nation On Notes Ban Before New Year
Prime Minister Narendra Modi is likely to make another address to the nation on the notes ban on December 31. In a televised address on November 8, he had suddenly banned 500 and 1,000-rupee notes, a move aimed at eliminating corruption and black or undeclared money. A deadline for depositing old notes in bank accounts ends tomorrow, December 30.
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Raids Detect Gujarat Chaiwallah-Turned-Financier's 600 Crore Black Assets
A man who started his life as a tea and snack vendor and ended up as one of the biggest financiers of Gujarat, has come under the scanner of Income Tax authorities, which have so far found Rs 600 crore of undeclared assets belonging to him and his family. Cash and jewellery worth Rs 10.5 crore so far have already been seized from his home and bank...
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December 30 Deadline For Depositing Old Notes Will Not Be Extended: 10 Facts
The government has said that it is sticking by the end-of-the-year deadline for depositing the 500 and 1,000-rupee notes that were banned earlier this month. The outlawed notes must be submitted to bank branches before they close on December 30. Those who have black money have a new chance to make the disclosure and hold onto 50% of the amount. The...
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To Ease Payment Of Wages, Current Account Withdrawal Limit Hiked
The government has announced new measures to ease the cash crunch faced by people after its decision last week to abolish large denomination notes to try and uncover crores of rupees in undeclared wealth.
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Black Money: 90-Day Compliance Window Ends Today
With a deadline for declaring illegal assets expiring on Wednesday, billions of rupees hidden in foreign bank accounts or funneled into property abroad will emerge into the light - or so the government hopes.
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Lying French Tax Fraud Witness Pierre Condamin-Gerbier Convicted in Switzerland
A man who acknowledged lying when he served as a key witness in a major French tax fraud investigation was sentenced to a two-year suspended prison term in Switzerland Friday.
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Credit Suisse Pleads Guilty to US Criminal Charge in Tax Probe
US prosecutors criminally charged Credit Suisse and two of its units, saying the bank helped clients deceive US tax authorities by concealing assets in illegal, undeclared bank accounts, in a conspiracy that spanned decades.
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Black Money: Supreme Court Asks Centre to Reveal Details About 26 Individuals
The Supreme Court today directed the Centre to hand over the details of 26 account holders who allegedly stashed black money or undeclared income in LGT Bank in Liechtenstein, seen as a tax haven.
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Black money: Names of 18 foreign bank account holders revealed
The Centre today revealed in the Supreme Court the names of 18 Indians who it alleges have stashed away black money or undeclared income in Liechtenstein, seen as a tax haven.
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Indian-American businessman pleads guilty to hiding millions in secret account
Sanjay Sethi, 52, of New Jersey pleaded guilty yesterday before US District Judge Jose Linares in Newark federal court to information charging him with conspiracy to conceal assets in undeclared bank accounts from the Internal Revenue Service.
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White paper on black money in this Parliament session
As part of his union budget, Finance Minister Pranab Mukherjee has committed to tabling a white paper on black money in this session of Parliament. The document will share information on undeclared income held by Indians in foreign bank accounts to avoid taxes.
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Credit Suisse Hid Over $700 Million From US Department Of Justice: Senate
Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday.
-
PM Narendra Modi Likely To Address The Nation On Notes Ban Before New Year
Prime Minister Narendra Modi is likely to make another address to the nation on the notes ban on December 31. In a televised address on November 8, he had suddenly banned 500 and 1,000-rupee notes, a move aimed at eliminating corruption and black or undeclared money. A deadline for depositing old notes in bank accounts ends tomorrow, December 30.
-
Raids Detect Gujarat Chaiwallah-Turned-Financier's 600 Crore Black Assets
A man who started his life as a tea and snack vendor and ended up as one of the biggest financiers of Gujarat, has come under the scanner of Income Tax authorities, which have so far found Rs 600 crore of undeclared assets belonging to him and his family. Cash and jewellery worth Rs 10.5 crore so far have already been seized from his home and bank...
-
December 30 Deadline For Depositing Old Notes Will Not Be Extended: 10 Facts
The government has said that it is sticking by the end-of-the-year deadline for depositing the 500 and 1,000-rupee notes that were banned earlier this month. The outlawed notes must be submitted to bank branches before they close on December 30. Those who have black money have a new chance to make the disclosure and hold onto 50% of the amount. The...
-
To Ease Payment Of Wages, Current Account Withdrawal Limit Hiked
The government has announced new measures to ease the cash crunch faced by people after its decision last week to abolish large denomination notes to try and uncover crores of rupees in undeclared wealth.
-
Black Money: 90-Day Compliance Window Ends Today
With a deadline for declaring illegal assets expiring on Wednesday, billions of rupees hidden in foreign bank accounts or funneled into property abroad will emerge into the light - or so the government hopes.
-
Lying French Tax Fraud Witness Pierre Condamin-Gerbier Convicted in Switzerland
A man who acknowledged lying when he served as a key witness in a major French tax fraud investigation was sentenced to a two-year suspended prison term in Switzerland Friday.
-
Credit Suisse Pleads Guilty to US Criminal Charge in Tax Probe
US prosecutors criminally charged Credit Suisse and two of its units, saying the bank helped clients deceive US tax authorities by concealing assets in illegal, undeclared bank accounts, in a conspiracy that spanned decades.
-
Black Money: Supreme Court Asks Centre to Reveal Details About 26 Individuals
The Supreme Court today directed the Centre to hand over the details of 26 account holders who allegedly stashed black money or undeclared income in LGT Bank in Liechtenstein, seen as a tax haven.
-
Black money: Names of 18 foreign bank account holders revealed
The Centre today revealed in the Supreme Court the names of 18 Indians who it alleges have stashed away black money or undeclared income in Liechtenstein, seen as a tax haven.
-
Indian-American businessman pleads guilty to hiding millions in secret account
Sanjay Sethi, 52, of New Jersey pleaded guilty yesterday before US District Judge Jose Linares in Newark federal court to information charging him with conspiracy to conceal assets in undeclared bank accounts from the Internal Revenue Service.
-
White paper on black money in this Parliament session
As part of his union budget, Finance Minister Pranab Mukherjee has committed to tabling a white paper on black money in this session of Parliament. The document will share information on undeclared income held by Indians in foreign bank accounts to avoid taxes.
