Undisclosed Foreign Income And Assets
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Rs 13,566 Crore Tax Demands Raised In 4 Years: Minister
The income tax department raised tax demands amounting to Rs 13,566 crore during the last four financial years under the black money law to deal with undisclosed foreign income and assets, the government told Parliament on Monday.
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Foreign Assets Worth Rs 200 Crore Found After Raids On Congress Leader
Tax officials have recovered foreign assets worth over Rs 200 crore after raids against Haryana Congress leader Kuldeep Bishnoi and his family, the Income Tax Department said on Sunday.
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Police Question Gujarat Man Who Declared Over 13,000 Crores In Black Money
Mahesh Shah, the Ahmedabad-based businessman, who had gone missing after declaring black money worth over Rs 13,000 crore in October, surfaced today before being swiftly taken away by the Income Tax and police officials for questioning.
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Government Detects Nearly Rs 44,000 Crore Undisclosed Income
Undisclosed income of Rs 43,829 crore, both from domestic and foreign sources, has been detected by government in the last two financial years, Parliament was informed on Tuesday.
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Government Detects Nearly Rs 44K Crore In Undisclosed Income
Undisclosed income of Rs 43,829 crore, both from domestic and foreign sources, has been detected by government in the last two financial years, Parliament was informed today.
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Government Unearths Indirect Tax Evasion Of Rs 50,000 Crore In 2 Years
Finance Ministry in a statement today said the crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years, a 32 per cent jump over a similar previous period.
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Rs 16,000-Crore Undisclosed Income Detected in 20 Months: Revenue Secretary
A government crackdown on black money has led to detection of undisclosed income of over Rs 16,000 crore since March 2014, while assets worth Rs 1,200 crore have been seized, Revenue Secretary Hasmukh Adhia said on Wednesday.
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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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Black Money Law Comes into Force From July 1
The black money law that provides for stringent penalties and jail term for failing to disclose overseas income has been operationalised from July 1 this year, instead of April 2016, the Finance Ministry said.
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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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New Bill Likely to Control Tax Evasion
A month after Parliament passed the black money bill - which targets those curb the stashing of illegal wealth abroad -- a new law is in the pipeline to control tax evasion, sources said.
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Rs 2 Lakh Penalty for Not Answering Tax Authorities' Queries
Failure to answer questions from the tax department can entail a penalty of up to Rs two lakh from the next financial year under the new black money law, which has got the assent of the President.
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Rs 2 Lakh Penalty for Not Answering Tax Authorities' Queries
Failure to answer questions from the tax department can entail a penalty of up to Rs 2 lakh from the next financial year under the new black money law, which has got the assent of the President.
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Black Money Bill Passed by Rajya Sabha: 10 Facts
The Bill provides for separate taxation of any undisclosed income in relation to foreign income and assets.
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Black Money Bill Passed in Lok Sabha
The Undisclosed Foreign Income and Assets bill, which provides for heavy penalties for those stashing away black money in foreign accounts, was passed in the Lok Sabha today.
-
Rs 13,566 Crore Tax Demands Raised In 4 Years: Minister
The income tax department raised tax demands amounting to Rs 13,566 crore during the last four financial years under the black money law to deal with undisclosed foreign income and assets, the government told Parliament on Monday.
-
Foreign Assets Worth Rs 200 Crore Found After Raids On Congress Leader
Tax officials have recovered foreign assets worth over Rs 200 crore after raids against Haryana Congress leader Kuldeep Bishnoi and his family, the Income Tax Department said on Sunday.
-
Police Question Gujarat Man Who Declared Over 13,000 Crores In Black Money
Mahesh Shah, the Ahmedabad-based businessman, who had gone missing after declaring black money worth over Rs 13,000 crore in October, surfaced today before being swiftly taken away by the Income Tax and police officials for questioning.
-
Government Detects Nearly Rs 44,000 Crore Undisclosed Income
Undisclosed income of Rs 43,829 crore, both from domestic and foreign sources, has been detected by government in the last two financial years, Parliament was informed on Tuesday.
-
Government Detects Nearly Rs 44K Crore In Undisclosed Income
Undisclosed income of Rs 43,829 crore, both from domestic and foreign sources, has been detected by government in the last two financial years, Parliament was informed today.
-
Government Unearths Indirect Tax Evasion Of Rs 50,000 Crore In 2 Years
Finance Ministry in a statement today said the crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years, a 32 per cent jump over a similar previous period.
-
Rs 16,000-Crore Undisclosed Income Detected in 20 Months: Revenue Secretary
A government crackdown on black money has led to detection of undisclosed income of over Rs 16,000 crore since March 2014, while assets worth Rs 1,200 crore have been seized, Revenue Secretary Hasmukh Adhia said on Wednesday.
-
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'.
-
Black Money Law Comes into Force From July 1
The black money law that provides for stringent penalties and jail term for failing to disclose overseas income has been operationalised from July 1 this year, instead of April 2016, the Finance Ministry said.
-
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.
-
New Bill Likely to Control Tax Evasion
A month after Parliament passed the black money bill - which targets those curb the stashing of illegal wealth abroad -- a new law is in the pipeline to control tax evasion, sources said.
-
Rs 2 Lakh Penalty for Not Answering Tax Authorities' Queries
Failure to answer questions from the tax department can entail a penalty of up to Rs two lakh from the next financial year under the new black money law, which has got the assent of the President.
-
Rs 2 Lakh Penalty for Not Answering Tax Authorities' Queries
Failure to answer questions from the tax department can entail a penalty of up to Rs 2 lakh from the next financial year under the new black money law, which has got the assent of the President.
-
Black Money Bill Passed by Rajya Sabha: 10 Facts
The Bill provides for separate taxation of any undisclosed income in relation to foreign income and assets.
-
Black Money Bill Passed in Lok Sabha
The Undisclosed Foreign Income and Assets bill, which provides for heavy penalties for those stashing away black money in foreign accounts, was passed in the Lok Sabha today.
