Statement Of Financial Transactions
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"Show Bank Statement Of Accused": Supreme Court On Jharkhand Land Scam
The Supreme Court on Thursday sought the bank statements of an accused to ascertain the financial transactions related to the sale of 4.55 acre land of the Indian Army in Ranchi allegedly by creating false property documents.
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South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
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68,000 Cases Flagged For Mismatch In 2019-20 Income Tax Returns
Under the e-verification scheme, the I-T department informs the taxpayers about mismatch in Annual Information Statement (AIS) about financial transaction and the I-T returns filed.
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Australia To Bring New Crypto Plan to Protect its Investors From Financial Risk
Australia, to protect its crypto community against financial risks, has decided to regulate token mapping, increase legal oversight on crypto transactions, and focus on the protection of crypto holders in the country. Australian Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones issued a joint statement on Friday, February 3, explaining t...
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State-Run Banks To Remain Shut For Two Days This Week As Strike Deferred
Trade unions of state-run bank staff on Monday called off a two-day strike scheduled for this week. Four unions had called a 48-hour bank strike to protest against the mega merger of public sector lender announced by the government and demand for a wage revision. In a joint statement dated September 23, the four trade unions said the decision to de...
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RBI Cancels Registration Certificates Of 66 Shadow Banks
Coming down hard on the cash-starved shadow banking industry, the Reserve Bank of India on Monday announced cancellation of registration certifications of 66 non-banking financial companies (NBFCs). Out of the 66 non-banking companies, 22 were based in West Bengal and 18 in Delhi, the central bank said in two separate statements released on Monday ...
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Government Launches Online Tool To Monitor Foreign Contributions
The tool conducts big data mining and data exploration, said a Home Ministry statement, adding that its dashboard will be integrated with the bank accounts of FCRA-registered entities through the Public Financial Management System for updation of transactional data on a real-time basis.
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Tax Department Seeks Explanation From Another 5.56 Lakh For Demonetisation Deposits
In the second phase of 'Operation Clean Money' launched in April with an aim to detect black money generation post demonetisation, the I-T department has used information received under the Statement of Financial Transactions (SFT) from banks to identify additional cases.
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Banks, Mutual Funds Should Obtain Identification Numbers For Filing SFT
The entities which are required to furnish SFT under 114E of Income Tax Rules can register with the I-T department and generate Income Tax Reporting Entity Identification Number (ITDREIN), a finance ministry statement said.
-
1.6 Lakh Taxpayers Under Scrutiny For Partial Account Declarations
The taxman has sent SMS and e-mails to 17.92 lakh people who have made suspicious deposits of Rs 5 lakh and above between November 10 and December 30.
-
PM Modi To Launch New BHIM-Aadhaar Platform To Boost Digital Payments
The BHIM App has already created a new world record by registering 1.9 crore downloads in just four months since its launch, an official statement said.
-
CBI Agrees To Give Peter Mukerjea Copy Of 'Secret' Witness's Statement
The CBI today agreed to give a copy of the statement of its 'secret' witness to former media baron Peter Mukerjea, arrested in Sheena Bora murder case, but only after deleting certain portions of it as probe in financial transactions with regard to the case was still on.
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Found Fund Diversions By Vijay Mallya Entities: United Spirits
United Spirits Ltd (USL) said an additional inquiry into its past financial statements has uncovered actual and potential fund diversions linked to its former chairman Vijay Mallya.
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Bolivian Football Federation to Face Governmental for Alleged Bribes Linked to FIFA
Financial statements from FBF have been requested, said Bolivian Minister, Tito Montano to local media. The minister aims to determine the financial transactions of the soccer body.
-
"Show Bank Statement Of Accused": Supreme Court On Jharkhand Land Scam
The Supreme Court on Thursday sought the bank statements of an accused to ascertain the financial transactions related to the sale of 4.55 acre land of the Indian Army in Ranchi allegedly by creating false property documents.
-
South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
-
68,000 Cases Flagged For Mismatch In 2019-20 Income Tax Returns
Under the e-verification scheme, the I-T department informs the taxpayers about mismatch in Annual Information Statement (AIS) about financial transaction and the I-T returns filed.
-
Australia To Bring New Crypto Plan to Protect its Investors From Financial Risk
Australia, to protect its crypto community against financial risks, has decided to regulate token mapping, increase legal oversight on crypto transactions, and focus on the protection of crypto holders in the country. Australian Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones issued a joint statement on Friday, February 3, explaining t...
-
State-Run Banks To Remain Shut For Two Days This Week As Strike Deferred
Trade unions of state-run bank staff on Monday called off a two-day strike scheduled for this week. Four unions had called a 48-hour bank strike to protest against the mega merger of public sector lender announced by the government and demand for a wage revision. In a joint statement dated September 23, the four trade unions said the decision to de...
-
RBI Cancels Registration Certificates Of 66 Shadow Banks
Coming down hard on the cash-starved shadow banking industry, the Reserve Bank of India on Monday announced cancellation of registration certifications of 66 non-banking financial companies (NBFCs). Out of the 66 non-banking companies, 22 were based in West Bengal and 18 in Delhi, the central bank said in two separate statements released on Monday ...
-
Government Launches Online Tool To Monitor Foreign Contributions
The tool conducts big data mining and data exploration, said a Home Ministry statement, adding that its dashboard will be integrated with the bank accounts of FCRA-registered entities through the Public Financial Management System for updation of transactional data on a real-time basis.
-
Tax Department Seeks Explanation From Another 5.56 Lakh For Demonetisation Deposits
In the second phase of 'Operation Clean Money' launched in April with an aim to detect black money generation post demonetisation, the I-T department has used information received under the Statement of Financial Transactions (SFT) from banks to identify additional cases.
-
Banks, Mutual Funds Should Obtain Identification Numbers For Filing SFT
The entities which are required to furnish SFT under 114E of Income Tax Rules can register with the I-T department and generate Income Tax Reporting Entity Identification Number (ITDREIN), a finance ministry statement said.
-
1.6 Lakh Taxpayers Under Scrutiny For Partial Account Declarations
The taxman has sent SMS and e-mails to 17.92 lakh people who have made suspicious deposits of Rs 5 lakh and above between November 10 and December 30.
-
PM Modi To Launch New BHIM-Aadhaar Platform To Boost Digital Payments
The BHIM App has already created a new world record by registering 1.9 crore downloads in just four months since its launch, an official statement said.
-
CBI Agrees To Give Peter Mukerjea Copy Of 'Secret' Witness's Statement
The CBI today agreed to give a copy of the statement of its 'secret' witness to former media baron Peter Mukerjea, arrested in Sheena Bora murder case, but only after deleting certain portions of it as probe in financial transactions with regard to the case was still on.
-
Found Fund Diversions By Vijay Mallya Entities: United Spirits
United Spirits Ltd (USL) said an additional inquiry into its past financial statements has uncovered actual and potential fund diversions linked to its former chairman Vijay Mallya.
-
Bolivian Football Federation to Face Governmental for Alleged Bribes Linked to FIFA
Financial statements from FBF have been requested, said Bolivian Minister, Tito Montano to local media. The minister aims to determine the financial transactions of the soccer body.
