Black Money Disclosure
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Bring White Paper On Black Money Stashed Abroad: Congress To Centre
The Congress on Friday demanded that the government make a full disclosure of the nature of black money and names of the individuals who have stashed it in Swiss banks, and asked it to bring a white paper on how much of it has been brought back
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Can't Give Info On Black Money, May Harm Probe: PM Office On RTI Query
The Prime Minister's Office has refused to share details on the amount of black money brought back from abroad, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders.
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Finance Ministry Refuses To Share Reports On Black Money
The Finance Ministry has refused to share copy of three reports on the quantum of black money held by Indians inside the country and abroad, saying its disclosure would cause a breach of privilege of Parliament.
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100 Crores 'Black Money' Recovered In Income Tax Raids At 50 Locations Across India
The Income Tax department on Thursday conducted searches at over 50 locations as part of its crackdown against tax evasion to the tune of over Rs 100 crore, its first major action after the black money disclosure window of PMGKY ended recently.
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Opinion: Modi And Jaitley's Half-Baked Proposals On Political Funding
There will be an initial frisson of excitement when transparency measures are legislated, but the impact of such disclosures on the political outcome will be minimal. It would amount to no more than a grand but futile gesture.
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Income Disclosure Scheme Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
The disclosures made under the black money amnesty scheme is likely to be revised downwards to about Rs 55,000 crore after a declarant failed to deposit the first installment of the tax.
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Indian Family Says Skipped Tax On $29 Billion: Foreign Media
A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation's richest man.
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Rs 2 Lakh Crore Black Money Declared By Mumbai Family Under Investigation: Government
A Mumbai family's income declaration of Rs 2 lakh crore has been rejected and investigations in the matter are on, the Union Finance Ministry has said. The ministry said the declaration was rejected as it was "suspicious in nature, being filed by persons of small means".
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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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Person Declared Rs 10,000 Crore Under Black Money Disclosure Scheme, Says Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu today claimed that Rs 10,000 crore was declared by single individual under the black money disclosure scheme.
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In Late-Night Black Money Count, Tax Officials Raced To Beat 1997 Record
For inhabitants of the dreary offices of Central Board of Direct Taxes or CBDT in the North Block of the cabinet secretariat in Delhi, it was an unusual night as officials summed up voluntary disclosures of unaccounted wealth or 'black money' made over the last four months.
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Modi Government Resorting To 'Tax Terrorism': Congress
Congress today accused the Modi government of resorting to "tax terrorism" through "incessant" raids on traders and businessmen after "failure" to bring out black money through income disclosure schemes.
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No Passing Off Black Money As Current Income, Warns Income Tax Department
The Income Tax Department on Thursday warned black money holders of prosecution if they tried to pass off such wealth as current income instead of disclosing it in the one-time compliance window.
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Declare Undisclosed Income, No Questions Will Be Asked, Says Arun Jaitley
Union finance minister Arun Jaitley on Tuesday said the Voluntary Disclosure of Income Scheme is not one that provides immunity from investigation. But he assured that those who do disclose their unreported income under it, will be given protection from investigative agencies other than the Income Tax Department.
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In FAQ, Government Comes Clean On Black Money Disclosure
Recently, Congress president Sonia Gandhi's son-in law Robert Vadra converted Sky Light Hospitality, a private limited company owned by him, into a "Limited Liability Partnership", which means that one partner cannot be held responsible for another partner's wrongdoing.
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Bring White Paper On Black Money Stashed Abroad: Congress To Centre
The Congress on Friday demanded that the government make a full disclosure of the nature of black money and names of the individuals who have stashed it in Swiss banks, and asked it to bring a white paper on how much of it has been brought back
-
Can't Give Info On Black Money, May Harm Probe: PM Office On RTI Query
The Prime Minister's Office has refused to share details on the amount of black money brought back from abroad, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders.
-
Finance Ministry Refuses To Share Reports On Black Money
The Finance Ministry has refused to share copy of three reports on the quantum of black money held by Indians inside the country and abroad, saying its disclosure would cause a breach of privilege of Parliament.
-
100 Crores 'Black Money' Recovered In Income Tax Raids At 50 Locations Across India
The Income Tax department on Thursday conducted searches at over 50 locations as part of its crackdown against tax evasion to the tune of over Rs 100 crore, its first major action after the black money disclosure window of PMGKY ended recently.
-
Opinion: Modi And Jaitley's Half-Baked Proposals On Political Funding
There will be an initial frisson of excitement when transparency measures are legislated, but the impact of such disclosures on the political outcome will be minimal. It would amount to no more than a grand but futile gesture.
-
Income Disclosure Scheme Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
The disclosures made under the black money amnesty scheme is likely to be revised downwards to about Rs 55,000 crore after a declarant failed to deposit the first installment of the tax.
-
Indian Family Says Skipped Tax On $29 Billion: Foreign Media
A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation's richest man.
-
Rs 2 Lakh Crore Black Money Declared By Mumbai Family Under Investigation: Government
A Mumbai family's income declaration of Rs 2 lakh crore has been rejected and investigations in the matter are on, the Union Finance Ministry has said. The ministry said the declaration was rejected as it was "suspicious in nature, being filed by persons of small means".
-
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...
-
Person Declared Rs 10,000 Crore Under Black Money Disclosure Scheme, Says Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu today claimed that Rs 10,000 crore was declared by single individual under the black money disclosure scheme.
-
In Late-Night Black Money Count, Tax Officials Raced To Beat 1997 Record
For inhabitants of the dreary offices of Central Board of Direct Taxes or CBDT in the North Block of the cabinet secretariat in Delhi, it was an unusual night as officials summed up voluntary disclosures of unaccounted wealth or 'black money' made over the last four months.
-
Modi Government Resorting To 'Tax Terrorism': Congress
Congress today accused the Modi government of resorting to "tax terrorism" through "incessant" raids on traders and businessmen after "failure" to bring out black money through income disclosure schemes.
-
No Passing Off Black Money As Current Income, Warns Income Tax Department
The Income Tax Department on Thursday warned black money holders of prosecution if they tried to pass off such wealth as current income instead of disclosing it in the one-time compliance window.
-
Declare Undisclosed Income, No Questions Will Be Asked, Says Arun Jaitley
Union finance minister Arun Jaitley on Tuesday said the Voluntary Disclosure of Income Scheme is not one that provides immunity from investigation. But he assured that those who do disclose their unreported income under it, will be given protection from investigative agencies other than the Income Tax Department.
-
In FAQ, Government Comes Clean On Black Money Disclosure
Recently, Congress president Sonia Gandhi's son-in law Robert Vadra converted Sky Light Hospitality, a private limited company owned by him, into a "Limited Liability Partnership", which means that one partner cannot be held responsible for another partner's wrongdoing.
