We are living in times when the morning may see conciliatory exchanges between the US and Iran, leading to a cooling in crude oil prices. B...

Many workers in the US are facing problems with 401(k) retirement savings because they change jobs often. The system is old and not well co...

A one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...

The Benami Act provides that anyone who abets or induces the Benami transaction, shall be punishable with imprisonment for a period ranging...

Under the PMGKY, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and s...

Since the government has extended the deadline for payment of tax and penalty under the IDS, necessary amendments have to be carried out in...

The Tax Department is considering sending e-mails to the entities against whom it has information of not disclosing assets that are taxable...

The CBDT boss, to whom the Income Tax department reports, called the IDS a one-time opportunity given to black money holders to come clean.

Finding out details is not difficult once there is a real-time sharing of information, he said, adding, "those who have missed the bus cert...

The government today offered domestic holders of undisclosed income and assets a one-time compliance opportunity to escape prosecution.

SIT probing black money has approved compounding of offences under the Income-Tax Act for Indians holding accounts in foreign banks.

“Proceedings have been initiated against the defaulters,” the finance minister told the Rajya Sabha on Tuesday in reply to a question.

Reserve Bank Governor Raghuram Rajan today favoured punishing black money holders by streamlining laws that should be enforced better.

Congress sought strictest possible action against black money holders as a fresh list of unaccounted money holders abroad including some pa...

SIT chief Justice Shah said, "Courts would decide whether he/she should be punished or not."

Two men and a woman are now being prosecuted for allegedly stashing away black money in foreign bank accounts. ET profiles the three being ...

"If names are placed in public domain and those named finally do not get convicted, there would be immense damage to their reputation," it ...