Undisclosed Foreign Assets
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Probe Agency ED Raids Congress MLA Subba Reddy's Properties In Bengaluru
The Directorate of Enforcement (ED) was conducting raids on the residence and properties of three-time Congress MLA S.N. Subba Reddy in Bengaluru on Thursday.
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Rs 37-Crore Asset Of Goa Miner's Son Seized In 'Pandora Papers' Probe
The Enforcement Directorate today said it has seized an asset worth Rs 36.8 crore of a Goa-based miner's son as part of its investigation into 'Pandora Papers' leaks which "revealed" his alleged undisclosed foreign exchange dealings outside India.
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Rs 13,566 Crore Tax Demands Raised In 4 Years: Minister
The income tax department raised tax demands amounting to Rs 13,566 crore during the last four financial years under the black money law to deal with undisclosed foreign income and assets, the government told Parliament on Monday.
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FEMA Case: Enforcement Directorate Seizes Posh Mumbai Properties Worth Over Rs 32 Crore
Investigating agency Enforcement Directorate (ED) today said it has seized two prime properties, worth over Rs 32 crore, in connection with a foreign exchange violation case against a Mumbai-based woman for allegedly holding undisclosed assets abroad.
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Undisclosed Assets Of Hotel Group Worth Rs 1,000 Crore Detected: Tax Body
The Income Tax department's raids on the properties of a prominent chain of luxury hotels have revealed undisclosed foreign assets worth more than Rs 1,000 crore, the Central Board of Direct Taxes (CBDT) said in a statement today.
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Foreign Assets Worth Rs 200 Crore Found After Raids On Congress Leader
Tax officials have recovered foreign assets worth over Rs 200 crore after raids against Haryana Congress leader Kuldeep Bishnoi and his family, the Income Tax Department said on Sunday.
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Rs 8.4 Crore Assets Of Gautam Khaitan Attached In VVIP Choppers Case
Assets worth Rs 8.46 crore of Delhi-based lawyer Gautam Khaitan, an accused in the Rs 3,600 crore VVIP choppers scam case, have been attached by the Enforcement Directorate (ED) as part of a second criminal probe against him for allegedly possessing undisclosed foreign accounts, the agency said Monday.
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'Feel Like Part Of 007 Movie': Karti Chidambaram's Swipe At CBI For Its Claims In Supreme Court
Senior Congress leader P Chidambaram dared the Central Bureau of Investigation to back up its "absolute lie" about his son Karti Chidambaram's secret foreign bank accounts and asked the central agency to reveal the "undisclosed assets" owned by the family. If the CBI can find any, the family would readily turn over these assets to the government, t...
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Police Question Gujarat Man Who Declared Over 13,000 Crores In Black Money
Mahesh Shah, the Ahmedabad-based businessman, who had gone missing after declaring black money worth over Rs 13,000 crore in October, surfaced today before being swiftly taken away by the Income Tax and police officials for questioning.
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Government Detects Nearly Rs 44K Crore In Undisclosed Income
Undisclosed income of Rs 43,829 crore, both from domestic and foreign sources, has been detected by government in the last two financial years, Parliament was informed today.
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After Amarinder Singh's Attack Over Summons For Son, Government's Counter
The Enforcement Directorate's summons to Raninder Singh, son of former Punjab Chief Minister Captain Amarinder Singh - the Congress' chief ministerial candidate for the next election to the state assembly, has triggered a political war.
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Rs 6,500 Crore Declared Under Black Money Law, Says PM Narendra Modi
Committing to carry forward the fight against black money, Prime Minister Narendra Modi today said Rs 6,500 crore of undisclosed foreign assets have been declared under the compliance window of the new law and the drive would continue despite its 'side effects'.
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Black Money Law Comes into Force From July 1
The black money law that provides for stringent penalties and jail term for failing to disclose overseas income has been operationalised from July 1 this year, instead of April 2016, the Finance Ministry said.
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Government Extends Deadline for Declaring Black Money Till September 30
The Finance Ministry has extended the deadline for declaring undisclosed foreign income or black money till September 30. However, assets declared within the 'compliance window' will invite a 30 per cent tax and a penalty of the same amount which can be paid by December 31.
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New Bill Likely to Control Tax Evasion
A month after Parliament passed the black money bill - which targets those curb the stashing of illegal wealth abroad -- a new law is in the pipeline to control tax evasion, sources said.
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Probe Agency ED Raids Congress MLA Subba Reddy's Properties In Bengaluru
The Directorate of Enforcement (ED) was conducting raids on the residence and properties of three-time Congress MLA S.N. Subba Reddy in Bengaluru on Thursday.
-
Rs 37-Crore Asset Of Goa Miner's Son Seized In 'Pandora Papers' Probe
The Enforcement Directorate today said it has seized an asset worth Rs 36.8 crore of a Goa-based miner's son as part of its investigation into 'Pandora Papers' leaks which "revealed" his alleged undisclosed foreign exchange dealings outside India.
-
Rs 13,566 Crore Tax Demands Raised In 4 Years: Minister
The income tax department raised tax demands amounting to Rs 13,566 crore during the last four financial years under the black money law to deal with undisclosed foreign income and assets, the government told Parliament on Monday.
-
FEMA Case: Enforcement Directorate Seizes Posh Mumbai Properties Worth Over Rs 32 Crore
Investigating agency Enforcement Directorate (ED) today said it has seized two prime properties, worth over Rs 32 crore, in connection with a foreign exchange violation case against a Mumbai-based woman for allegedly holding undisclosed assets abroad.
-
Undisclosed Assets Of Hotel Group Worth Rs 1,000 Crore Detected: Tax Body
The Income Tax department's raids on the properties of a prominent chain of luxury hotels have revealed undisclosed foreign assets worth more than Rs 1,000 crore, the Central Board of Direct Taxes (CBDT) said in a statement today.
-
Foreign Assets Worth Rs 200 Crore Found After Raids On Congress Leader
Tax officials have recovered foreign assets worth over Rs 200 crore after raids against Haryana Congress leader Kuldeep Bishnoi and his family, the Income Tax Department said on Sunday.
-
Rs 8.4 Crore Assets Of Gautam Khaitan Attached In VVIP Choppers Case
Assets worth Rs 8.46 crore of Delhi-based lawyer Gautam Khaitan, an accused in the Rs 3,600 crore VVIP choppers scam case, have been attached by the Enforcement Directorate (ED) as part of a second criminal probe against him for allegedly possessing undisclosed foreign accounts, the agency said Monday.
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'Feel Like Part Of 007 Movie': Karti Chidambaram's Swipe At CBI For Its Claims In Supreme Court
Senior Congress leader P Chidambaram dared the Central Bureau of Investigation to back up its "absolute lie" about his son Karti Chidambaram's secret foreign bank accounts and asked the central agency to reveal the "undisclosed assets" owned by the family. If the CBI can find any, the family would readily turn over these assets to the government, t...
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Police Question Gujarat Man Who Declared Over 13,000 Crores In Black Money
Mahesh Shah, the Ahmedabad-based businessman, who had gone missing after declaring black money worth over Rs 13,000 crore in October, surfaced today before being swiftly taken away by the Income Tax and police officials for questioning.
-
Government Detects Nearly Rs 44K Crore In Undisclosed Income
Undisclosed income of Rs 43,829 crore, both from domestic and foreign sources, has been detected by government in the last two financial years, Parliament was informed today.
-
After Amarinder Singh's Attack Over Summons For Son, Government's Counter
The Enforcement Directorate's summons to Raninder Singh, son of former Punjab Chief Minister Captain Amarinder Singh - the Congress' chief ministerial candidate for the next election to the state assembly, has triggered a political war.
-
Rs 6,500 Crore Declared Under Black Money Law, Says PM Narendra Modi
Committing to carry forward the fight against black money, Prime Minister Narendra Modi today said Rs 6,500 crore of undisclosed foreign assets have been declared under the compliance window of the new law and the drive would continue despite its 'side effects'.
-
Black Money Law Comes into Force From July 1
The black money law that provides for stringent penalties and jail term for failing to disclose overseas income has been operationalised from July 1 this year, instead of April 2016, the Finance Ministry said.
-
Government Extends Deadline for Declaring Black Money Till September 30
The Finance Ministry has extended the deadline for declaring undisclosed foreign income or black money till September 30. However, assets declared within the 'compliance window' will invite a 30 per cent tax and a penalty of the same amount which can be paid by December 31.
-
New Bill Likely to Control Tax Evasion
A month after Parliament passed the black money bill - which targets those curb the stashing of illegal wealth abroad -- a new law is in the pipeline to control tax evasion, sources said.
