Black Money Window
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No Estimate Of Black Money In Foreign Accounts In Last 5 Years: Centre In Parliament
No official estimate on black money lying in foreign accounts over last 5 years, however, Rs 2,476 crore has been collected as tax and penalty under the compliance window during 2015, government said in Parliament on Tuesday.
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21,000 People Disclose Rs 4,900 Crore Black Money Under Government Scheme
Black money worth Rs 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetisation, an official said today.
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No Exceptions For Depositing Old Notes: Centre To Chief Justice Of India
One last opportunity to deposit the 500- and 1,000-rupee notes that were banned in November will defeat the whole point of demonetisation as well as the battle against black money, the government told the Supreme Court today.
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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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'Countdown' Has Begun, Income Tax Department Warns Black Money Hoarders
The Income Tax department today warned black money holders that it has "information" about their illegal deposits and they should avail the soon-to-end the Pradhan Mantri Garib Kalyan Yojana (PMGKY) window to come clean.
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Nearly 4 Lakh Crores Of Black Money Placed In Banks After Notes Ban: Report
As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of scrapped high value Rs 500/1000 notes.
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Do Not Be Misused By The Corrupt: Government Warning on Notes Ban
Government today cautioned Jan Dhan account holders, housewives and artisans that they will be prosecuted under the I-T Act for allowing misuse of their bank accounts through deposit of black money in Rs 500/1,000 notes during the 50-day window till December 30.
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Deposits Above Rs. 2.5 Lakh To Face Tax, 200% Penalty On Mismatch
The government has allowed citizens to deposit in their bank accounts old currency of Rs 500 and Rs 1,000 denominations between November 10 and December 30.
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'It Pays To Be Honest': Arun Jaitley Explains Decision To Abolish Rs 500 And Rs 1000 Notes
It pays to be honest, said Finance Minister Arun Jaitley today, describing the government's decision to scrap 500 and 1000 rupee notes overnight as a "gamechanger." People with black money are worried, he said.
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I-T Department Targeting Small Traders But Not Big Businessmen: Arvind Kejriwal
Taking potshots at the Centre over its black money compliance window, Delhi Chief Minister Arvind Kejriwal today alleged IT department is targeting traders across the country to meet its target while big businessmen like Vijay Mallya were going scot-free.
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Information Under Domestic Black Money Scheme Confidential: Government
Government today said information about those who declare their black money under the compliance window, ending September 30, will be kept confidential.
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Government May Extend Tax Payment Deadline For Black Money Scheme
The government may extend the deadline for payment of tax on black money disclosed during the one-time compliance window and has accepted the industry request for tax being paid in installments.
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In A First, Black Money Scheme Ads To Feature On Airline Boarding Passes
In a first of its kind nationwide publicity drive, Income Tax Department has tied up with seven airlines including Air India and Vistara to publise one-time black money compliance window by printing the scheme's details on the back of boarding passes.
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Tell Clients To Come Clean On Black Money: Manohar Parrikar To CAs
Defence Minister Manohar Parrikar today asked chartered accountants to advise their clients to use the government's black money window to come clean on tax evasion by September 30.
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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.
-
No Estimate Of Black Money In Foreign Accounts In Last 5 Years: Centre In Parliament
No official estimate on black money lying in foreign accounts over last 5 years, however, Rs 2,476 crore has been collected as tax and penalty under the compliance window during 2015, government said in Parliament on Tuesday.
-
21,000 People Disclose Rs 4,900 Crore Black Money Under Government Scheme
Black money worth Rs 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetisation, an official said today.
-
No Exceptions For Depositing Old Notes: Centre To Chief Justice Of India
One last opportunity to deposit the 500- and 1,000-rupee notes that were banned in November will defeat the whole point of demonetisation as well as the battle against black money, the government told the Supreme Court today.
-
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.
-
'Countdown' Has Begun, Income Tax Department Warns Black Money Hoarders
The Income Tax department today warned black money holders that it has "information" about their illegal deposits and they should avail the soon-to-end the Pradhan Mantri Garib Kalyan Yojana (PMGKY) window to come clean.
-
Nearly 4 Lakh Crores Of Black Money Placed In Banks After Notes Ban: Report
As it analyses bank deposits post-demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of scrapped high value Rs 500/1000 notes.
-
Do Not Be Misused By The Corrupt: Government Warning on Notes Ban
Government today cautioned Jan Dhan account holders, housewives and artisans that they will be prosecuted under the I-T Act for allowing misuse of their bank accounts through deposit of black money in Rs 500/1,000 notes during the 50-day window till December 30.
-
Deposits Above Rs. 2.5 Lakh To Face Tax, 200% Penalty On Mismatch
The government has allowed citizens to deposit in their bank accounts old currency of Rs 500 and Rs 1,000 denominations between November 10 and December 30.
-
'It Pays To Be Honest': Arun Jaitley Explains Decision To Abolish Rs 500 And Rs 1000 Notes
It pays to be honest, said Finance Minister Arun Jaitley today, describing the government's decision to scrap 500 and 1000 rupee notes overnight as a "gamechanger." People with black money are worried, he said.
-
I-T Department Targeting Small Traders But Not Big Businessmen: Arvind Kejriwal
Taking potshots at the Centre over its black money compliance window, Delhi Chief Minister Arvind Kejriwal today alleged IT department is targeting traders across the country to meet its target while big businessmen like Vijay Mallya were going scot-free.
-
Information Under Domestic Black Money Scheme Confidential: Government
Government today said information about those who declare their black money under the compliance window, ending September 30, will be kept confidential.
-
Government May Extend Tax Payment Deadline For Black Money Scheme
The government may extend the deadline for payment of tax on black money disclosed during the one-time compliance window and has accepted the industry request for tax being paid in installments.
-
In A First, Black Money Scheme Ads To Feature On Airline Boarding Passes
In a first of its kind nationwide publicity drive, Income Tax Department has tied up with seven airlines including Air India and Vistara to publise one-time black money compliance window by printing the scheme's details on the back of boarding passes.
-
Tell Clients To Come Clean On Black Money: Manohar Parrikar To CAs
Defence Minister Manohar Parrikar today asked chartered accountants to advise their clients to use the government's black money window to come clean on tax evasion by September 30.
-
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.
