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BUDGET TAX AMNESTY
ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakesReturning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...- Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
- 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...
- PwC for extension of beneficial tax regime for new manufacturing cosPwC has recommended extending tax benefits for new manufacturing companies and introducing a tax amnesty scheme for Customs cases to Financ...
- 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...
- Budget 2023: To promote ‘Make in India’ govt may hike customs duties on imports in select sectorsLooking at the state of global economy in the last one year, it is expected that the Government will take steps towards reducing India’s de...
- Budget 2022: Is there another tax amnesty scheme?To find a way around, governments usually announce an "income-tax amnesty scheme" whereby tax defaulters are given the opportunity to decla...
- What income tax changes to expect from Budget 2020Here is a look at possible announcements the middle-class taxpayer can expect from Budget 2020.
- No proposal to launch gold amnesty scheme: Govt sourcesThe clarification comes amidst media report indicating the government move to launch amnesty scheme that will allow individuals and entitie...
- Budget 2016: Amnesty-like scheme for domestic black money holdersThe government today offered domestic holders of undisclosed income and assets a one-time compliance opportunity to escape prosecution.
- Budget 2016: Compliance window is neither VDIS nor amnesty says Arun Jaitley"So you are paying penalties for not paying tax on time. This is intending to bring some money from outside the system to into the system,"...
- 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.
- 2 groups looking into aspects of blackmoney: PranabThe govt had come out with amnesty schemes to encourage people to disclose unaccounted money in the past. Although, schemes generated tax i...
- Group formed to look into amnesty scheme on black money: PranabFinance Minister Pranab Mukherjee today said a group has been formed to look into the possibility of an amnesty scheme to encourage people ...
- Tax amnesty by any nameAmnesty schemes offer relief to tax evaders and penalise honest taxpayers.
- 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...
- Corporate tax rate may be cut from 35% to 30% in BudgetThe two months prior to the Budget usually see frenzied speculation about the likely movement in tax rates.
- Amnesty scheme may resurfaceThis Budget may propose yet another amnesty scheme. A debate is currently on among top government officials on the feasibility of introduci...
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