Black Money Undisclosed Foreign Income And Assets
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Police Question Gujarat Man Who Declared Over 13,000 Crores In Black Money
Mahesh Shah, the Ahmedabad-based businessman, who had gone missing after declaring black money worth over Rs 13,000 crore in October, surfaced today before being swiftly taken away by the Income Tax and police officials for questioning.
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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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Government Unearths Indirect Tax Evasion Of Rs 50,000 Crore In 2 Years
Finance Ministry in a statement today said the crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years, a 32 per cent jump over a similar previous period.
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Rs 16,000-Crore Undisclosed Income Detected in 20 Months: Revenue Secretary
A government crackdown on black money has led to detection of undisclosed income of over Rs 16,000 crore since March 2014, while assets worth Rs 1,200 crore have been seized, Revenue Secretary Hasmukh Adhia said on Wednesday.
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Black Money Law Comes into Force From July 1
The black money law that provides for stringent penalties and jail term for failing to disclose overseas income has been operationalised from July 1 this year, instead of April 2016, the Finance Ministry said.
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Rs 2 Lakh Penalty for Not Answering Tax Authorities' Queries
Failure to answer questions from the tax department can entail a penalty of up to Rs 2 lakh from the next financial year under the new black money law, which has got the assent of the President.
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Black Money Bill Passed by Rajya Sabha: 10 Facts
The Bill provides for separate taxation of any undisclosed income in relation to foreign income and assets.
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Black Money Bill Passed in Lok Sabha
The Undisclosed Foreign Income and Assets bill, which provides for heavy penalties for those stashing away black money in foreign accounts, was passed in the Lok Sabha today.
-
Police Question Gujarat Man Who Declared Over 13,000 Crores In Black Money
Mahesh Shah, the Ahmedabad-based businessman, who had gone missing after declaring black money worth over Rs 13,000 crore in October, surfaced today before being swiftly taken away by the Income Tax and police officials for questioning.
-
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.
-
Government Unearths Indirect Tax Evasion Of Rs 50,000 Crore In 2 Years
Finance Ministry in a statement today said the crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years, a 32 per cent jump over a similar previous period.
-
Rs 16,000-Crore Undisclosed Income Detected in 20 Months: Revenue Secretary
A government crackdown on black money has led to detection of undisclosed income of over Rs 16,000 crore since March 2014, while assets worth Rs 1,200 crore have been seized, Revenue Secretary Hasmukh Adhia said on Wednesday.
-
Black Money Law Comes into Force From July 1
The black money law that provides for stringent penalties and jail term for failing to disclose overseas income has been operationalised from July 1 this year, instead of April 2016, the Finance Ministry said.
-
Rs 2 Lakh Penalty for Not Answering Tax Authorities' Queries
Failure to answer questions from the tax department can entail a penalty of up to Rs 2 lakh from the next financial year under the new black money law, which has got the assent of the President.
-
Black Money Bill Passed by Rajya Sabha: 10 Facts
The Bill provides for separate taxation of any undisclosed income in relation to foreign income and assets.
-
Black Money Bill Passed in Lok Sabha
The Undisclosed Foreign Income and Assets bill, which provides for heavy penalties for those stashing away black money in foreign accounts, was passed in the Lok Sabha today.
