Untaxed Income
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99 Percent Of Banned Notes Back, But Government Says Aim Met: 10 Points
Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...
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10 Crores, Luxury Cars, LED TVs: Rich Haul From Tax Raids On UP Officials
Raids on a senior Uttar Pradesh bureaucrat have revealed an enormous haul of unaccounted cash and jewellery. Income Tax officials have allegedly found around 10 crores in cash and 10 kg gold during raids on Keshav Lal, a Kanpur-based additional commissioner of Sales Tax, who has a house in Noida near Delhi.
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Black Money Holders Get Last Chance To Disclose Till March 2017
Not declaring the black money under the scheme now 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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Chargesheet Against Amarinder Singh In Foreign Assets Case By Income Tax Department
The Income Tax department has filed a charge sheet against Punjab Congress chief Amarinder Singh in connection with its probe against him and his son in a case of alleged untaxed foreign assets.
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Income Declaration Scheme: No Enquiry In Raids If Stash Declared
The Central Board of Direct Taxes (CBDT) on Thursday issued a fresh clarification exempting those who declare untaxed assets or income under the ongoing black money declaration window from enquiry during future raids.
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Income Tax Department Notifies Four New Forms Under Domestic Black Money Window
The Income Tax department today notified four new forms for those who wish to declare their untaxed funds and properties under the one-time domestic black money compliance window that opened this month.
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Black Money Compliance Window: 'Valuer' List To Be Published, Says Report
The Income Tax Department will soon put out a list of registered "valuers" of various categories of assets for those who wish to declare their untaxed funds and properties under the one-time domestic black money compliance window that opened on Wednesday.
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Government Sets Up Shah Panel to Review Minimum Tax Claims
The government announced a committee on Wednesday headed by a former high court chief justice to suggest ways to resolve a dispute with foreign investors over previously untaxed gains that has rattled businesses.
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99 Percent Of Banned Notes Back, But Government Says Aim Met: 10 Points
Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...
-
10 Crores, Luxury Cars, LED TVs: Rich Haul From Tax Raids On UP Officials
Raids on a senior Uttar Pradesh bureaucrat have revealed an enormous haul of unaccounted cash and jewellery. Income Tax officials have allegedly found around 10 crores in cash and 10 kg gold during raids on Keshav Lal, a Kanpur-based additional commissioner of Sales Tax, who has a house in Noida near Delhi.
-
Black Money Holders Get Last Chance To Disclose Till March 2017
Not declaring the black money under the scheme now 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.
-
Chargesheet Against Amarinder Singh In Foreign Assets Case By Income Tax Department
The Income Tax department has filed a charge sheet against Punjab Congress chief Amarinder Singh in connection with its probe against him and his son in a case of alleged untaxed foreign assets.
-
Income Declaration Scheme: No Enquiry In Raids If Stash Declared
The Central Board of Direct Taxes (CBDT) on Thursday issued a fresh clarification exempting those who declare untaxed assets or income under the ongoing black money declaration window from enquiry during future raids.
-
Income Tax Department Notifies Four New Forms Under Domestic Black Money Window
The Income Tax department today notified four new forms for those who wish to declare their untaxed funds and properties under the one-time domestic black money compliance window that opened this month.
-
Black Money Compliance Window: 'Valuer' List To Be Published, Says Report
The Income Tax Department will soon put out a list of registered "valuers" of various categories of assets for those who wish to declare their untaxed funds and properties under the one-time domestic black money compliance window that opened on Wednesday.
-
Government Sets Up Shah Panel to Review Minimum Tax Claims
The government announced a committee on Wednesday headed by a former high court chief justice to suggest ways to resolve a dispute with foreign investors over previously untaxed gains that has rattled businesses.
