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BLACK MONEY DECLARATION
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- Rs 400 crore agricultural income but no land: CBDT digs up names of rich ‘farmers’ without farmsTax authorities have uncovered a major scam involving fake agricultural income claims. Over 300 individuals claimed exemptions worth thousa...
- Mismatch between Rahul Gandhi's income, foreign trips' expenses, says BJPThe BJP has turned the spotlight on Rahul Gandhi's extensive global travels, calling for transparency over the sources of funding for these...
- US stock market crashes today: What’s happening with Dow Jones, S&P 500 and Nasdaq as $200 billion vanishes in minutes from US stocks - Dow plunges 565 points, all sectors sink while oil surges with WTI up 3.4% and Brent jumping 5%US stock market crashes today. Investors are asking what’s happening with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. ...
- Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...
- Delhi High Court rejects Sanjay Bhandari's plea against 'fugitive offender' tagThe Delhi High Court has upheld a trial court's decision on arms consultant Sanjay Bhandari, who is officially a fugitive economic offender...
- Budget 2019 proposes to allow black money scheme 2016 declarants another chance to pay upWhat is more, the budget also proposes to allow refund of excess money paid under this scheme for a 'class of persons' to be notified later...
- Proposed black money tax changes decoded: What you need to knowThe government has offered the carrot – the least tax option of the Garib Kalyan Yojana – and shown the stick: the hiked tax and penalties.
- IDS 'major success' vis-a-vis VDIS: Finance Minister Arun Jaitley"In view of the above (comparative data), it can be inferred that IDS, 2016 has been a major success vis-a-vis VDIS, 1997," he said.
- Be ready to pay 50-70% tax on black money deposited in banksThis rate would only be applicable for large cash deposits in bank accounts or huge expenses incurred in cash since November 8, when old cu...
- Grey areas people are exploiting to justify unaccounted cash as legal incomeTax professionals are charging 5% to 25% to suggest strategies that can convert unaccounted cash into legitimate money. Here are some of th...
- IDS: Final black money tally may go up by Rs 10,000 croreRani Singh Nair today held a meeting with the regional I-T department chiefs where, sources said, the strategy and progress of the last mil...
- Black money haul: Rs 65,250 crore disclosed through Income Declaration SchemeA total of 64,275 disclosures were made from which Rs 65,250 crore was declared under Income Declaration Scheme.
- Queries swamp taxmen as Income Declaration Scheme deadline looms; last-minute spurt in disclosures likelyAs with the earlier scheme for declaration of overseas assets, officials expect major declarations in the last few hours, making estimates ...
- Black money declaration without PAN to be acceptedCBDT has asked tax sleuths to ask such declarants to attach a separate application in the Income Declaration Scheme form for allotment of a...
- Black money: I-T raids increase threefold, unearth Rs 3,375 crore in 4 monthsDuring the first four months of this fiscal, at least 145 income-tax (I-T) raids have been conducted and more than Rs 245 crore unaccounted...
- New amnesty scheme levies 31% effective tax, Centre won't question income sourceTax experts reckon the government may have to allow declarants the flexibility to deposit cash in banks for a limited period to facilitate ...
- Black money: Disclosures made under compliance window to be confidentialFinance minister Arun Jaitley in his budget had announced a four-month window to come clean by paying 30% tax plus a penalty of 7.5% and a ...
- Rush of black money declarants peak before deadlineThe rush of black money declarants peaked at the Income Tax office here as the deadline for disclosure of wealth stashed abroad expired ton...
- Difficult declaration terms make black money law a Catch-22 choiceIf anyone makes an incorrect declaration, then the entire declaration will be treated as null, and the tax and penalty paid will not be ref...
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