The entry of the ED and its likely probe on the HSBC matter has sparked fears of possible invocation of harsh laws on anti-money laundering...

The employees will be intimated about the quantum of bonus and hikes over the weekend when the pay review notes are finalised.

Sources said the complaint against HSBC is expected to be filed under Section 278 of the I-T Act (abetment of false return) before March 31.

Officials said many of the accounts could be held by NRIs or could be legitimate accounts in the know of Indian tax authorities.

The OECD’s Global Forum has taken up India’s case and begun discussions on information sharing in cases of stolen data.

SC has ruled that Indian resident beneficiaries shall not be taxed on the income of an offshore discretionary trust as long as the trustees...

The investigation, which has not made much headway in the past five years, is believed to have gathered steam after the assembly elections.

A New Jersey client of HSBC Holdings pleaded guilty to charges that he hid as much as $4.7 million through Swiss and Indian accounts not de...

Kejriwal has struck again, accusing leading Indian businessmen of stashing away millions of dollars and the government of doing little to r...

Mukesh Ambani-headed Reliance Industries Ltd said neither RIL or Mukesh have or had any "illegitimate" accounts anywhere in the world.

The investigation wing of income tax department, Mumbai, which had sent notices to several individuals — including corporate biggies — for ...

Taxes of about Rs 181 crore with respect to the cash deposits of Indians who had unreported accounts in HSBC bank Geneva.

The I-T department is said to be mulling prosecution against the HSBC bank for allegedly being the conduit for Indians in stashing money ab...

During Nov-Dec, the I-T dept had issued notices to all 700 account holders under section 148 of the income tax Act for alleged tax evasion.

India will request Switzerland to provide details of all undisclosed accounts held by Indian nationals in HSBC, Geneva.

More than 100 individuals in Mumbai have received notices from the Income-Tax Department this month for holding undisclosed bank a/c.

Denmark and Finland have passed information about another 2,000 bank accounts to India, prompting the I-T department to launch an investiga...