Monday March 3, 2014
A team of the US Treasury officials recently met Indian Income Tax and CBDT officials for negotiating an Inter-Governmental Agreement (IGA) which will enable faster access to tax evasion related information and tax crimes by individuals and entities ...
Thursday February 13, 2014
Global economic body Organisation for Economic Cooperation and Development (OECD) today unveiled a new mechanism to combat the menace of offshore tax evasion, a protocol to which India is a signatory.
Tuesday January 28, 2014
Reserve Bank of India Governor Raghuram Rajan said on Wednesday that withdrawal of pre-2005 notes is not intended to check black money but to prevent counterfeiting.
Sunday December 22, 2013
As part of its strategy to combat black money, India will soon operationalise its first-ever income tax office in Cyprus to tackle funds flowing from the island nation even as it mulls rolling back suspension of tax benefits on investments made from ...
Thursday December 12, 2013
Total black money outflow from India was nearly $343 billion (nearly Rs 21 lakh crore at dollar/rupee value at 62) during 2002-2011, says a report. This puts India as the fifty largest exporter of illicit money, the report adds.
Friday November 22, 2013
In a big boost in the fight against black money, four overseas jurisdictions including Liechtenstein where Indians are suspected to have stashed illicit funds have agreed to do away with banking secrecy ways by allowing automatic tax information ex...
Monday November 18, 2013
The step comes as a major boost for India in its fight against tax evasion and stashing of illegal funds abroad as a number of individuals have been detected from the country to have been using banking channels of that country to hide their illegal i...
India | Edited by Deepshikha Ghosh | Friday November 1, 2013
Union minister Kapil Sibal has alleged that black money has been used for Narendra Modi's rallies.
India | NDTV.com | Friday November 1, 2013
Union Minister Kapil Sibal hits out at Bharatiya Janata Party's prime ministerial candidate Narendra Modi.
Assembly | Press Trust of India | Thursday October 31, 2013
Income Tax department has formed verifications cells in all 33 districts of Rajasthan to monitor movement of black money during the upcoming Assembly election in the state.
Thursday October 31, 2013
The move is based on the claim by International Consortium of Investigative Journalists (ICIJ), a US based group of about 160 journalists, to have possessed secret records of 2.5 lakh individuals and entities from more than 170 countries relating to ...
Assembly | Press Trust of India | Tuesday October 22, 2013
In the run up to Delhi assembly polls, the state Election Commission (EC) and the Income Tax (IT) department plan to undertake a drive against black money vitiating the electoral process.
India | Edited by Prasad Sanyal | Friday October 18, 2013
Narendra Modi, who arrived in Chennai this afternoon, said wryly at the airport that if all the money kept in Swiss banks was got back to the country, it would not have to go looking for gold.
World | Press Trust of India | Wednesday October 16, 2013
In a major boost for India and other countries seeking details on suspected black money stashed in Swiss banks, Switzerland has agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.
Assembly | Press Trust of India | Monday October 14, 2013
The Delhi Election Commission has brought city airports under scanner to curb flow of black money in the run up to Delhi Assembly polls.
Assembly | Press Trust of India | Saturday October 12, 2013
After taking steps to stop flow of black money in the run up to the assembly election, the Election Commission on Friday decided to monitor transactions involving gold in the national capital.
Assembly | Press Trust of India | Thursday October 10, 2013
In an effort to curb flow of black money in the run up to the assembly elections in Delhi, the state election commission today directed banks to scan all transactions over Rs one lakh and keep an eye on suspicious money withdrawals and deposits.
India | Press Trust of India | Wednesday September 4, 2013
The Election Commission has proposed a ten-point plan to curb use of black money ahead of the assembly polls in five states and Lok Sabha elections in 2014.
India | Press Trust of India | Thursday June 20, 2013
Indian money deposited in Swiss banks has fallen to a record low of about Rs 9,000 crore (1.42 billion Swiss francs), as a global clampdown against the famed secrecy wall of Switzerland banking system has made it difficult for their global clients.
Sunday June 16, 2013
India has approached over half a dozen foreign jurisdictions, including Singapore and some tax havens, for banking and other financial details of more than 500 individuals and entities that might have 'secret offshore accounts' at those places.