Black Money Disclosure Compliance Window
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Black Money Window: Taxman Scanning Disclosures Filed Through Post
The Income Tax Department is doing physical verification by calling up declarants in whose name the disclosures have been filed through post to ensure that no one else has filed them fraudulently, a top official said.
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Government's Auditor May Review Income Declaration Scheme, Not Individual Disclosures
As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations through the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS) that ended on September 30.
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No Extension In Deadline For Black Money Disclosure Scheme
Government ruled out any extension to the September 30 deadline for filing income disclosure under the black money compliance window.
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Information Under Domestic Black Money Scheme Confidential: Government
Government said information about those who declare their black money under the compliance window, ending September 30, will be kept confidential.
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Black Money Disclosure: Taxman Not To Question Valuer's Report
The valuation report from a registered valuer will not be questioned by the income tax department for disclosures made under the domestic black money compliance scheme, the CBDT clarified.
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Black Money Disclosures: Centre Willing To Walk Extra Mile To Address Concerns
Promising confidentiality on black money disclosures, government on Monday said it is willing to walk the extra mile to address any concerns and incorporate "positive suggestions" on the one-time compliance window provided to undeclared wealth holders to come clean.
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Black Money: Don't Want To Be 'Big Brother Watching', Says Arun Jaitley
Asking people to come clean on unaccounted wealth and live with "heads held high", Finance Minister Arun Jaitley on Saturday said the government is aware of sectors generating black money but it would be unpleasant to start the "big brother watching" process.
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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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Income Disclosure Scheme: Taxman To Seek Details From Suspected Black Money Holders
Tax authorities plan to seek details from various entities against whom there is specific information of having undisclosed assets, as part of the domestic black money disclosure scheme.
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Finance Minister Arun Jaitley Warns Black Money Holders Of Consequences
Asking domestic black money holders to take advantage of the ongoing scheme to come clean, Finance Minister Arun Jaitley on Thursday said those who have not yet declared their undisclosed foreign assets will face the consequences.
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Publicise Black Money Scheme At Markets, Malls, Tax Officials Told
The Central Board of Direct Taxes or CBDT has directed the Income Tax department to step up publicity of the ongoing one-time black money compliance window by advertising it at posh markets, clubs and showrooms and also ensure full privacy to those making disclosures for better collections.
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Disclosures Under Black Money Window 'Firewalled' Against Prosecution: Taxman
With the four-month domestic black money compliance window getting operational from the next day, the Central Board of Direct Taxes (CBDT) on Tuesday said declarants under the scheme have been "firewalled" against regular assessments and will enjoy immunity from prosecution under various laws like the wealth tax and income tax acts.
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Compliance Window For Domestic Black Money Opens Tomorrow
The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45 per cent on such assets will open tomorrow.
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Compliance Window For Domestic Black Money Opens On June 1
Under the Income Declaration Scheme, persons making disclosure of unaccounted assets will be given time up to November 30 to pay taxes, penalty and surcharge totalling 45 per cent at the fair market value.
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Black Money Disclosures Made In Compliance Window To Be Kept Secret
Disclosures made in the 4-month compliance window beginning June 1 for domestic black money holders to come clean will be kept secret, according to an amendment to the Finance Bill 2016 approved by the Lok Sabha.
-
Black Money Window: Taxman Scanning Disclosures Filed Through Post
The Income Tax Department is doing physical verification by calling up declarants in whose name the disclosures have been filed through post to ensure that no one else has filed them fraudulently, a top official said.
-
Government's Auditor May Review Income Declaration Scheme, Not Individual Disclosures
As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations through the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS) that ended on September 30.
-
No Extension In Deadline For Black Money Disclosure Scheme
Government ruled out any extension to the September 30 deadline for filing income disclosure under the black money compliance window.
-
Information Under Domestic Black Money Scheme Confidential: Government
Government said information about those who declare their black money under the compliance window, ending September 30, will be kept confidential.
-
Black Money Disclosure: Taxman Not To Question Valuer's Report
The valuation report from a registered valuer will not be questioned by the income tax department for disclosures made under the domestic black money compliance scheme, the CBDT clarified.
-
Black Money Disclosures: Centre Willing To Walk Extra Mile To Address Concerns
Promising confidentiality on black money disclosures, government on Monday said it is willing to walk the extra mile to address any concerns and incorporate "positive suggestions" on the one-time compliance window provided to undeclared wealth holders to come clean.
-
Black Money: Don't Want To Be 'Big Brother Watching', Says Arun Jaitley
Asking people to come clean on unaccounted wealth and live with "heads held high", Finance Minister Arun Jaitley on Saturday said the government is aware of sectors generating black money but it would be unpleasant to start the "big brother watching" process.
-
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.
-
Income Disclosure Scheme: Taxman To Seek Details From Suspected Black Money Holders
Tax authorities plan to seek details from various entities against whom there is specific information of having undisclosed assets, as part of the domestic black money disclosure scheme.
-
Finance Minister Arun Jaitley Warns Black Money Holders Of Consequences
Asking domestic black money holders to take advantage of the ongoing scheme to come clean, Finance Minister Arun Jaitley on Thursday said those who have not yet declared their undisclosed foreign assets will face the consequences.
-
Publicise Black Money Scheme At Markets, Malls, Tax Officials Told
The Central Board of Direct Taxes or CBDT has directed the Income Tax department to step up publicity of the ongoing one-time black money compliance window by advertising it at posh markets, clubs and showrooms and also ensure full privacy to those making disclosures for better collections.
-
Disclosures Under Black Money Window 'Firewalled' Against Prosecution: Taxman
With the four-month domestic black money compliance window getting operational from the next day, the Central Board of Direct Taxes (CBDT) on Tuesday said declarants under the scheme have been "firewalled" against regular assessments and will enjoy immunity from prosecution under various laws like the wealth tax and income tax acts.
-
Compliance Window For Domestic Black Money Opens Tomorrow
The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45 per cent on such assets will open tomorrow.
-
Compliance Window For Domestic Black Money Opens On June 1
Under the Income Declaration Scheme, persons making disclosure of unaccounted assets will be given time up to November 30 to pay taxes, penalty and surcharge totalling 45 per cent at the fair market value.
-
Black Money Disclosures Made In Compliance Window To Be Kept Secret
Disclosures made in the 4-month compliance window beginning June 1 for domestic black money holders to come clean will be kept secret, according to an amendment to the Finance Bill 2016 approved by the Lok Sabha.
