Income Declaration Scheme
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Farmers May Have To Declare That Agriculture Is Only Source Of Income: Minister
Maharashtra revenue minister Chandrakant Patil today said that beneficiaries of the farm loan waiver scheme may have to submit an affidavit stating that agriculture is their sole source of income.
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Income Disclosure Scheme Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
The disclosures made under the black money amnesty scheme is likely to be revised downwards to about Rs 55,000 crore after a declarant failed to deposit the first installment of the tax.
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Mumbai's Rs 2 Lakh Crore Family Admitted They Were A Front, Say Sources
Could the Rs 2 lakh crore income declaration by Mumbai-based family have been a front for certain "big names"? Sources in the income tax department say they are inquiring into the possibility.
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No Answers From Businessman Who Declared 13,860 Crore, Say Investigators
Days after his stunning revelation before a news channel that politicians, bureaucrats and builders owned the Rs 13,860 crore he declared under the Income Declaration Scheme, real estate dealer Mahesh Shah has refused to divulge the source to the Income Tax department.
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Where Is Mumbai's $29 Billion Family? Flat Empty, Neighbours Clueless
One would assume that after declaring their Rs 2 lakh crore net worth in IDS, the Sayeds would be a well-known name in Bandra's social circles, but even their neighbours haven't seen them
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Indian Family Says Skipped Tax On $29 Billion: Foreign Media
A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation's richest man.
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More Holes In PM Narendra Modi's Income Declaration Scheme: P Chidambaram
Congress leader P Chidambaram today raised questions about the Modi government's Income Declaration Scheme, saying there could be "more holes" in the amnesty scheme after a Gujarati realtor claimed that Rs 13,860 crore black money he had announced did not belong to him.
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Rs 2 Lakh Crore Black Money Declared By Mumbai Family Under Investigation: Government
A Mumbai family's income declaration of Rs 2 lakh crore has been rejected and investigations in the matter are on, the Union Finance Ministry has said. The ministry said the declaration was rejected as it was "suspicious in nature, being filed by persons of small means".
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Money Belongs To Politicians, Babus: Gujarat Businessman Mahesh Shah Who Declared 13,860 Crores
Mahesh Shah, the Ahmedabad-based businessman, who had gone missing last month after declaring black money worth Rs 13,860 crore in September, told the income tax officials today that he was just a front for the unaccounted money which belongs to many people including politicians, bureaucrats and builders.
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Ahmedabad Man, Who Declared Over 13,000 Crores In Black Money, Goes Missing
An Ahmedabad-based businessman, who had declared black money worth over 13,000-crore in October, has gone missing. Income Tax authorities are on the lookout for Mahesh Shah, who had declared the huge sum under the Income Declaration Scheme - which provides immunity to those who declare and pay the required tax on their hidden income.
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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-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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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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Arvind Kejriwal Targets PM Modi Over Income Declaration Scheme
Hitting out at Prime Minister Narendra Modi, Delhi Chief Minister Arvind Kejriwal today alleged that the centre was targeting the country's small traders following the "failure" of its Income Declaration Scheme (IDS).
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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.
-
Farmers May Have To Declare That Agriculture Is Only Source Of Income: Minister
Maharashtra revenue minister Chandrakant Patil today said that beneficiaries of the farm loan waiver scheme may have to submit an affidavit stating that agriculture is their sole source of income.
-
Income Disclosure Scheme Disclosure Figures To Be Revised Lower To Rs 55,000 Crore
The disclosures made under the black money amnesty scheme is likely to be revised downwards to about Rs 55,000 crore after a declarant failed to deposit the first installment of the tax.
-
Mumbai's Rs 2 Lakh Crore Family Admitted They Were A Front, Say Sources
Could the Rs 2 lakh crore income declaration by Mumbai-based family have been a front for certain "big names"? Sources in the income tax department say they are inquiring into the possibility.
-
No Answers From Businessman Who Declared 13,860 Crore, Say Investigators
Days after his stunning revelation before a news channel that politicians, bureaucrats and builders owned the Rs 13,860 crore he declared under the Income Declaration Scheme, real estate dealer Mahesh Shah has refused to divulge the source to the Income Tax department.
-
Where Is Mumbai's $29 Billion Family? Flat Empty, Neighbours Clueless
One would assume that after declaring their Rs 2 lakh crore net worth in IDS, the Sayeds would be a well-known name in Bandra's social circles, but even their neighbours haven't seen them
-
Indian Family Says Skipped Tax On $29 Billion: Foreign Media
A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation's richest man.
-
More Holes In PM Narendra Modi's Income Declaration Scheme: P Chidambaram
Congress leader P Chidambaram today raised questions about the Modi government's Income Declaration Scheme, saying there could be "more holes" in the amnesty scheme after a Gujarati realtor claimed that Rs 13,860 crore black money he had announced did not belong to him.
-
Rs 2 Lakh Crore Black Money Declared By Mumbai Family Under Investigation: Government
A Mumbai family's income declaration of Rs 2 lakh crore has been rejected and investigations in the matter are on, the Union Finance Ministry has said. The ministry said the declaration was rejected as it was "suspicious in nature, being filed by persons of small means".
-
Money Belongs To Politicians, Babus: Gujarat Businessman Mahesh Shah Who Declared 13,860 Crores
Mahesh Shah, the Ahmedabad-based businessman, who had gone missing last month after declaring black money worth Rs 13,860 crore in September, told the income tax officials today that he was just a front for the unaccounted money which belongs to many people including politicians, bureaucrats and builders.
-
Ahmedabad Man, Who Declared Over 13,000 Crores In Black Money, Goes Missing
An Ahmedabad-based businessman, who had declared black money worth over 13,000-crore in October, has gone missing. Income Tax authorities are on the lookout for Mahesh Shah, who had declared the huge sum under the Income Declaration Scheme - which provides immunity to those who declare and pay the required tax on their hidden income.
-
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-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.
-
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.
-
Arvind Kejriwal Targets PM Modi Over Income Declaration Scheme
Hitting out at Prime Minister Narendra Modi, Delhi Chief Minister Arvind Kejriwal today alleged that the centre was targeting the country's small traders following the "failure" of its Income Declaration Scheme (IDS).
-
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.
