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INDIA TAX AMNESTY
National Traders’ Welfare Board pushes centralised loan portal, faster MSME creditThe Board called for stronger coordination between the Centre and states to address issues faced by traders and improve the implementation ...- Karnataka planning exclusive industrial park for Korean companies: MB PatilThe proposed Korea Park will be developed on the lines of the Japan Industrial Park near Tumakuru that attracted companies to the state’s m...
- Have undisclosed foreign assets or income? Know the extra tax cost if you miss FAST Scheme 2026's December 31 deadlineIndia's FAST Scheme 2026 provides a unique opportunity for taxpayers to declare foreign assets. This voluntary disclosure window closes on ...
- Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...
- Income Tax Department launches nationwide verification of suspicious foreign remittancesThe Income Tax Department has launched a nationwide verification exercise into suspicious foreign remittances after identifying several ent...
- India opens tax amnesty scheme for small taxpayers to declare select foreign assetsIndia's tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time measure aims to bring undeclared f...
- Govt opens tax disclosure window for foreign assets, incomeThe government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thre...
- How should my NRI children disclose gifts received from relatives in ITR-2?ET Wealth Reader's Query: My two NRI children are unable to find a field in ITR-2 to disclose gifts received from relatives. The Income Tax...
- Coming clean may be less taxing: Taxpayers could get away with paying significantly less on unexplained local incomeA close reading of the budget documents shows that a person can slip away by proactively paying a significantly lower amount on unexplained...
- GST council may cut upfront payment for tax appeal to 7%The council could also consider an amnesty scheme for disputes of the pre-GST regime and a proposal to make biometric-based Aadhaar authent...
- Tax authorities' amnesty schemes have failed miserablyAmnesty schemes have long been a favoured tool for tax authorities to recover dues - since independence - but have flopped miserably.
- Union Budget 2012 makes it mandatory for taxpayer to declare foreign bank accounts & other offshore assetsThe US had offered immunity from prosecution to those who have disclosed such income within the period specified under the law.
- Assocham suggests amnesty scheme to unearth black moneyAssocham today suggested that the centre should come out with an amnesty scheme to unearth illegally stashed wealth abroad.
- Experts suggest ways to recover black moneyThe government has received a number of proposals from experts on ways to bring back to India the wealth allegedly stashed away into banks ...
- Tax amnesty: Penalise evaders, Don't reward lootGovt formulating an amnesty scheme for the black money stashed overseas is a bad idea.
- Amnesty: Back with a vengeance?Reversal of a three-year-old decision threatens to make honest tax-paying old-fashioned.
- Union Budget 2010: Life could get easier for tax evadersThe Budget fine-print reveals that life could get a little easier for evaders, both companies and individuals, that have tax dues of over R...
- Union Budget 2010: Amnesty: Back with a vengeance?The Budget fine-print reveals that life could get a little easier for evaders, both companies and individuals, that have tax dues of over R...
- Black is beautiful, Give it to meWorld over, amnesty schemes have had mixed results - from a stupendous success in Ireland to a total disaster in Argentina. As India is on ...
- MoF raises doubts about future amnesty schemesThe law ministry has raised some questions on the viability of future amnesty schemes.
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