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PM Modi Hints At More Action To Unearth Black Money
Hinting at more action to unearth black money, Prime Minister Narendra Modi said those holding unaccounted money will not be spared and there is no "guarantee" that no further steps would be taken after December 30 till when people can deposit the demonetised notes.
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Government Looking Into Sudden Spurt In Jan Dhan Account Deposits
Government is looking into sudden 'propping up' of money into zero-balance Jan Dhan accounts, after an unprecedented Rs 2 lakh crore of cash flooded the banking system within just two days of demonetisation of high value currency.
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200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing
Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.
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200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing
Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.
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India To Get Info On Swiss Bank Accounts From September 2019
India will start getting financial information of accounts held by Indians in Swiss banks on automatic basis from September 2019, a move that will help fight the menace of black money stashed abroad.
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21,000 People Disclose Rs 4,900 Crore Black Money Under PMGKY: Report
The Income Tax Department, a top government official told PTI, has collected a tax of Rs 2,451 crore till now from these declarations.
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Income Tax To Scrutinise High Value Transactions, Penny Stock Trade
The database for 'Non-PAN AIR transactions' has already been disseminated to Principal Chief Commissioners based on the regions.
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Black Money Declarants Cannot Pay Tax From Undeclared Income
The Income Tax Department came out with a fourth set of clarifications on the Income Declaration Scheme (IDS) on queries seeking to know if payment under the Scheme can be made out of the undisclosed income without including the same in the income declared.
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Government Extends Date For Payment Under Black Money Scheme
The government on Thursday extended the deadline for payment of tax and penalty under the black money disclosure scheme and allowed declarants to pay the amount in three installments by September 30 next year.
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Black Money Window: Taxman's Advertising Budget Hiked 50 Times
With the government pulling out all the stops to make the one-time black money compliance window a success, the Income Tax Department has now hiked financial powers of its supervisory officers for publicity of the scheme by up to 50 times.
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Response To Black Money Declaration Scheme (PMGKY) 'Not So Good', Says Government
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY. There are mainly two factors for it.
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After Three Years, Blackmoney Study Yet to Be Completed
The last government had on March 21, 2011 commissioned the study on estimation of unaccounted income or wealth both inside and outside the country. These studies were expected to be completed within 18 months' time, which expired on September 21, 2012.
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21,000 People Disclose Rs 4,900 Crore Black Money Under PMGKY: Report
The Income Tax Department, a top government official told PTI, has collected a tax of Rs 2,451 crore till now from these declarations.
-
Response To Black Money Declaration Scheme (PMGKY) 'Not So Good', Says Government
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY. There are mainly two factors for it.
-
CBDT Unearths Rs 16,398 Crore Unaccounted Income
The assets seized were worth Rs 900 crore, including Rs 636 crore in cash.
-
PM Modi Hints At More Action To Unearth Black Money
Hinting at more action to unearth black money, Prime Minister Narendra Modi said those holding unaccounted money will not be spared and there is no "guarantee" that no further steps would be taken after December 30 till when people can deposit the demonetised notes.
-
Government Looking Into Sudden Spurt In Jan Dhan Account Deposits
Government is looking into sudden 'propping up' of money into zero-balance Jan Dhan accounts, after an unprecedented Rs 2 lakh crore of cash flooded the banking system within just two days of demonetisation of high value currency.
-
200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing
Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.
-
200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing
Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.
-
India To Get Info On Swiss Bank Accounts From September 2019
India will start getting financial information of accounts held by Indians in Swiss banks on automatic basis from September 2019, a move that will help fight the menace of black money stashed abroad.
-
21,000 People Disclose Rs 4,900 Crore Black Money Under PMGKY: Report
The Income Tax Department, a top government official told PTI, has collected a tax of Rs 2,451 crore till now from these declarations.
-
Income Tax To Scrutinise High Value Transactions, Penny Stock Trade
The database for 'Non-PAN AIR transactions' has already been disseminated to Principal Chief Commissioners based on the regions.
-
Black Money Declarants Cannot Pay Tax From Undeclared Income
The Income Tax Department came out with a fourth set of clarifications on the Income Declaration Scheme (IDS) on queries seeking to know if payment under the Scheme can be made out of the undisclosed income without including the same in the income declared.
-
Government Extends Date For Payment Under Black Money Scheme
The government on Thursday extended the deadline for payment of tax and penalty under the black money disclosure scheme and allowed declarants to pay the amount in three installments by September 30 next year.
-
Black Money Window: Taxman's Advertising Budget Hiked 50 Times
With the government pulling out all the stops to make the one-time black money compliance window a success, the Income Tax Department has now hiked financial powers of its supervisory officers for publicity of the scheme by up to 50 times.
-
Response To Black Money Declaration Scheme (PMGKY) 'Not So Good', Says Government
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY. There are mainly two factors for it.
-
After Three Years, Blackmoney Study Yet to Be Completed
The last government had on March 21, 2011 commissioned the study on estimation of unaccounted income or wealth both inside and outside the country. These studies were expected to be completed within 18 months' time, which expired on September 21, 2012.
-
21,000 People Disclose Rs 4,900 Crore Black Money Under PMGKY: Report
The Income Tax Department, a top government official told PTI, has collected a tax of Rs 2,451 crore till now from these declarations.
-
Response To Black Money Declaration Scheme (PMGKY) 'Not So Good', Says Government
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY. There are mainly two factors for it.
-
CBDT Unearths Rs 16,398 Crore Unaccounted Income
The assets seized were worth Rs 900 crore, including Rs 636 crore in cash.
