Unaccounted Deposits
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"Unaccounted" Deposits Worth Rs 55 Crore Seized After Tax Raids On Ex-Axis Mutual Fund Manager
The Income-tax department has seized "unaccounted" deposits worth more than Rs 55 crore and unearthed "evidences" of large-scale hidden investments after it recently raided Viresh Josh, a former chief trader and fund manager of Axis Mutual Fund.
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Rs 55 Crore Deposits Seized After Raids On Ex-Fund Manager, Share Brokers
The Income-tax department has seized "unaccounted" deposits worth more than Rs 55 crore and unearthed "evidences" of large-scale hidden investments after it recently raided a former chief trader some share brokers and others.
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Government Considering Amnesty For Those With Unaccounted Gold: Report
The Finance Ministry is considering an amnesty program for residents with illicit stash of gold, as part of an effort to crack down on tax evasion and cut its dependence on imports, according to people with knowledge of the matter.
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PM Modi Anti-Graft Drive Hit, 99% Of Banned Notes Returned
People have deposited nearly all the currency bills voided by Prime Minister Narendra Modi, denting the central bank's profit and dealing a blow to his drive to unearth unaccounted wealth.
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IT Department To Launch Second Phase Of Bank Accounts Scrutiny Next Month
The IT department is likely to launch the second phase of 'Operation Clean Money' next month to close in on unaccounted money making its way into banks but may ignore standalone deposits below Rs 5 lakh for now.
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As Much As 97% Of Banned Notes Are Back In Banks: Report
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.
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Opening A Bank Account In Rural India: A Reality Check
A fortnight after announcing its bold move to ban old 500 and 1000-rupee notes as part of its battle against black or unaccounted money, the government on Friday said that the barred currency can no longer be exchanged and must be deposited in banks.
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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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"Unaccounted" Deposits Worth Rs 55 Crore Seized After Tax Raids On Ex-Axis Mutual Fund Manager
The Income-tax department has seized "unaccounted" deposits worth more than Rs 55 crore and unearthed "evidences" of large-scale hidden investments after it recently raided Viresh Josh, a former chief trader and fund manager of Axis Mutual Fund.
-
Rs 55 Crore Deposits Seized After Raids On Ex-Fund Manager, Share Brokers
The Income-tax department has seized "unaccounted" deposits worth more than Rs 55 crore and unearthed "evidences" of large-scale hidden investments after it recently raided a former chief trader some share brokers and others.
-
Government Considering Amnesty For Those With Unaccounted Gold: Report
The Finance Ministry is considering an amnesty program for residents with illicit stash of gold, as part of an effort to crack down on tax evasion and cut its dependence on imports, according to people with knowledge of the matter.
-
PM Modi Anti-Graft Drive Hit, 99% Of Banned Notes Returned
People have deposited nearly all the currency bills voided by Prime Minister Narendra Modi, denting the central bank's profit and dealing a blow to his drive to unearth unaccounted wealth.
-
IT Department To Launch Second Phase Of Bank Accounts Scrutiny Next Month
The IT department is likely to launch the second phase of 'Operation Clean Money' next month to close in on unaccounted money making its way into banks but may ignore standalone deposits below Rs 5 lakh for now.
-
As Much As 97% Of Banned Notes Are Back In Banks: Report
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.
-
Opening A Bank Account In Rural India: A Reality Check
A fortnight after announcing its bold move to ban old 500 and 1000-rupee notes as part of its battle against black or unaccounted money, the government on Friday said that the barred currency can no longer be exchanged and must be deposited in banks.
-
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.
