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Black Money Tax: Government's New Income Declaration Scheme In 10 Points
With the ban on 500 and 1,000-rupee notes now more than two weeks old, the government has proposed new rules to tax black money that is being unearthed. The bill was submitted on Monday for parliament's review by Finance Minister Arun Jaitley as the government is being attacked by a united opposition over its sudden withdrawal of 86 per cent of the...
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Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4 Years Lock-In
The cabinet has cleared new amendments to existing laws to charge a minimum 50 per cent tax on unexplained bank deposits made using banned 500 and 1,000 rupee notes up to December 30. It will be introduced in parliament next week.
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Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4-Year Lock-In Period
A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in parliament shortly.
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Government Plans Nearly 60% Tax On Unaccounted For Deposits In Banks: Sources
The Cabinet tonight is believed to have discussed amending laws to levy close to 60 per cent income tax on unaccounted deposits in banks above a threshold post demonetisation of high-denomination currency notes.
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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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Removing Levies on Card, Digital Payment Will Curb Black Money: Ficci
"We welcome the measures approved by the Union Cabinet for promotion of payments through digital means," Ficci Secretary General A Didar Singh said.
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Cabinet Approves Protocols to Amend Tax Pacts With Israel, Vietnam
The government has approved protocols amending tax pacts with Israel and Vietnam to include effective sharing of bank information, a move aimed at dealing with the menace of black money.
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Cabinet Clears Bill to Check Benami Transactions
The Cabinet today approved the new Benami Transaction (Prohibition) Bill which aims at curbing the generation of domestic black money.
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How the New Real Estate Bill Could Help You: 10-Point Cheat-Sheet
The Cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer thousands of crores in lost taxable income.
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Cabinet Clears Bill on Black Money, to be Introduced in Parliament This Session: Sources
The cabinet has cleared the black money bill, which proposes to provide muscle to tax authorities in dealing with people stowing illegal wealth abroad, sources told NDTV. The bill is likely to be introduced in the current session of Parliament, they added.
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Will Try Our Best to Have an Indepth Probe in the Black Money Case: SIT Panel Chief to NDTV
At its first cabinet meeting today, the Narendra Modi government gave the go ahead for setting up a Special Investigation Team (SIT) to bring back the black money stashed abroad. The committee will be headed by retired Supreme court judge, Justice M B Shah.
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Baba Ramdev says PM must keep cabinet clean as he sits on fast with Anna Hazare
Around 5000 people, undeterred by the scorching heat, reached Parliament Street in the heart of the national capital on Sunday morning to show their support for social activist Anna Hazare and yoga guru Baba Ramdev, who are holding a one-day fast in their demands for stronger action against corruption, the return of black money stashed away by Indi...
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Cabinet clears key bills on Judicial Accountability, Citizen's Charter and black money
The Union Cabinet met today to clear several key legislations that are expected to be taken up in this session of Parliament. Sources tell NDTV that key bills - the Judicial Accountability, Citizen's Charter Bill,the Whistleblowers Bill, and Prevention of Money Laundering - have been cleared.
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Property prices in Delhi likely to go up
Real estate prices in the Capital are likely to go up further with Delhi Cabinet giving its nod on Monday to enhance circle rates by up to 250 per cent for sale and purchase of property. With this move, the Delhi government expects to both, improve the health of the state exchequer and stem the "flow of black money" in such transactions.
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PM raises black money issue in Cabinet meet
After the Supreme Court's bare criticism of the government's approach to recovering black money, the Prime Minister has stepped in.At his first meeting of his new Cabinet, the PM reportedly raised the issue of black money and asked Finance Minister Pranab Mukherjee to hold a public, detailed brief on the government's strategy to uncover and recover...
-
Black Money Tax: Government's New Income Declaration Scheme In 10 Points
With the ban on 500 and 1,000-rupee notes now more than two weeks old, the government has proposed new rules to tax black money that is being unearthed. The bill was submitted on Monday for parliament's review by Finance Minister Arun Jaitley as the government is being attacked by a united opposition over its sudden withdrawal of 86 per cent of the...
-
Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4 Years Lock-In
The cabinet has cleared new amendments to existing laws to charge a minimum 50 per cent tax on unexplained bank deposits made using banned 500 and 1,000 rupee notes up to December 30. It will be introduced in parliament next week.
-
Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4-Year Lock-In Period
A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in parliament shortly.
-
Government Plans Nearly 60% Tax On Unaccounted For Deposits In Banks: Sources
The Cabinet tonight is believed to have discussed amending laws to levy close to 60 per cent income tax on unaccounted deposits in banks above a threshold post demonetisation of high-denomination currency notes.
-
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.
-
Removing Levies on Card, Digital Payment Will Curb Black Money: Ficci
"We welcome the measures approved by the Union Cabinet for promotion of payments through digital means," Ficci Secretary General A Didar Singh said.
-
Cabinet Approves Protocols to Amend Tax Pacts With Israel, Vietnam
The government has approved protocols amending tax pacts with Israel and Vietnam to include effective sharing of bank information, a move aimed at dealing with the menace of black money.
-
Cabinet Clears Bill to Check Benami Transactions
The Cabinet today approved the new Benami Transaction (Prohibition) Bill which aims at curbing the generation of domestic black money.
-
How the New Real Estate Bill Could Help You: 10-Point Cheat-Sheet
The Cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer thousands of crores in lost taxable income.
-
Cabinet Clears Bill on Black Money, to be Introduced in Parliament This Session: Sources
The cabinet has cleared the black money bill, which proposes to provide muscle to tax authorities in dealing with people stowing illegal wealth abroad, sources told NDTV. The bill is likely to be introduced in the current session of Parliament, they added.
-
Will Try Our Best to Have an Indepth Probe in the Black Money Case: SIT Panel Chief to NDTV
At its first cabinet meeting today, the Narendra Modi government gave the go ahead for setting up a Special Investigation Team (SIT) to bring back the black money stashed abroad. The committee will be headed by retired Supreme court judge, Justice M B Shah.
-
Baba Ramdev says PM must keep cabinet clean as he sits on fast with Anna Hazare
Around 5000 people, undeterred by the scorching heat, reached Parliament Street in the heart of the national capital on Sunday morning to show their support for social activist Anna Hazare and yoga guru Baba Ramdev, who are holding a one-day fast in their demands for stronger action against corruption, the return of black money stashed away by Indi...
-
Cabinet clears key bills on Judicial Accountability, Citizen's Charter and black money
The Union Cabinet met today to clear several key legislations that are expected to be taken up in this session of Parliament. Sources tell NDTV that key bills - the Judicial Accountability, Citizen's Charter Bill,the Whistleblowers Bill, and Prevention of Money Laundering - have been cleared.
-
Property prices in Delhi likely to go up
Real estate prices in the Capital are likely to go up further with Delhi Cabinet giving its nod on Monday to enhance circle rates by up to 250 per cent for sale and purchase of property. With this move, the Delhi government expects to both, improve the health of the state exchequer and stem the "flow of black money" in such transactions.
-
PM raises black money issue in Cabinet meet
After the Supreme Court's bare criticism of the government's approach to recovering black money, the Prime Minister has stepped in.At his first meeting of his new Cabinet, the PM reportedly raised the issue of black money and asked Finance Minister Pranab Mukherjee to hold a public, detailed brief on the government's strategy to uncover and recover...
