Black Money Deadline Ends

Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.

The deadline to submit invalid 500- and 1,000-rupee notes ends today. The RBI has asked banks to submit details of the deposits made in the outlawed currency. It is estimated that more than 90% of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. H...

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...

The government on Friday said it is not considering any proposal to extend the four-month deadline for disclosing domestic black money under the Income Disclosure Scheme (IDS), which ends on September 30.

The government on Friday said it is not considering any proposal to extend the four-month deadline for disclosing domestic black money under the Income Disclosure Scheme (IDS), which ends on September 30.

With the domestic black money window in operation for nearly a month now, the Central Board of Direct Taxes (CBDT) is likely to issue a set of fresh frequently asked questions (FAQs) in the light of numerous queries and representations like considering granting immunity to declarants from other fiscal laws and extending the deadline for payment of ...

The rush of black money declarants peaked at the Income Tax office here as the deadline for disclosure of wealth stashed abroad expired tonight but there was no indication about the quantum of money that has come into the taxman's net.

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.

Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.

The deadline to submit invalid 500- and 1,000-rupee notes ends today. The RBI has asked banks to submit details of the deposits made in the outlawed currency. It is estimated that more than 90% of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. H...

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...

The government on Friday said it is not considering any proposal to extend the four-month deadline for disclosing domestic black money under the Income Disclosure Scheme (IDS), which ends on September 30.

The government on Friday said it is not considering any proposal to extend the four-month deadline for disclosing domestic black money under the Income Disclosure Scheme (IDS), which ends on September 30.

With the domestic black money window in operation for nearly a month now, the Central Board of Direct Taxes (CBDT) is likely to issue a set of fresh frequently asked questions (FAQs) in the light of numerous queries and representations like considering granting immunity to declarants from other fiscal laws and extending the deadline for payment of ...

The rush of black money declarants peaked at the Income Tax office here as the deadline for disclosure of wealth stashed abroad expired tonight but there was no indication about the quantum of money that has come into the taxman's net.

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.