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DOMESTIC BLACKMONEY
Pursuing course of cautious optimism amid COVID-19: CBDT chairman"While we have robust growth figures in tax collection at this moment, we are pursuing the course of cautious optimism. "As we celebrate th...- P-notes investment drops to Rs 1.70 lakh crore at Feb-endP-notes are issued by registered foreign portfolio investors (FPIs) to overseas ones who wish to be part of the Indian stock markets withou...
- P-note investment climbs to Rs 1.75 lakh cr at Jan-endP-notes are issued by registered foreign portfolio investors (FPIs) to overseas ones who wish to participate in Indian markets without regi...
- I-T department asks IDS declarants to pay tax by November 30The first installment of tax of 25 per cent is due to be paid by November end, to be followed by another installment of 25 per cent by Marc...
- Over Rs 8K crore blackmoney brought under tax ambit: Centre to Supreme CourtDepartment of Economic Affairs, in an affidavit, said "an undisclosed income of Rs 8,186 cr (including protective assessment of Rs 1,485 cr...
- Group to probe Indians named in Panama papers set up: GovernmentAn undisclosed income of about Rs 8,186 crore has been brought under the tax ambit despite non-sharing of any information by the Swiss auth...
- Govt checking if any black money returned to India: Revenue SecyRevenue secy observed that the government and the income tax department are continuously working to detect black money and are making effor...
- Arun Jaitley to meet industry chambers, CAs on black money windowThis will be the first such meeting the Finance Minister will hold to explain provisions as well as clear misgivings about the one-time com...
- FM Arun Jaitley warns of action against tax evasionThe Minister said the government will act tough against those found to holding illegal offshore accounts as revealed in the Panama Papers l...
- 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,"...
- Parliamentary panel to suggest a new system for formulating international treatiesThe panel, headed by Congress's E M Sudarsana Natchiappan, which is looking at the proposal, also favours creation of a new wing--Departmen...
- Government won't go soft on pursuit of black money: Finance Minister Arun JaitleyThe government has from July 1, 2015 enacted the Blackmoney and Imposition of Tax Act to deal with foreign black money
- Need to move towards more direct taxes: Minister of State for Finance Jayant SinhaPitching for increasing tax-to-GDP ratio, Minister of State for Finance Jayant Sinha today said a more balanced tax structure with more dir...
- Blackmoney: Swiss banks seek fresh undertakings from IndiansSources said that Swiss banks are asking their Indian customers to provide fresh undertakings that all taxes have been paid on funds deposi...
- Multipronged efforts to check blackmoney: GovernmentGovernment is also pursuing 43,265 pieces of information regarding suspicious transactions received from overseas and domestic agencies.
- FDI retail in India: Pranab Mukherjee fights opposition within Congress, Parliament paralysed againThe briefing on FDI assumes significance as voices of opposition to the decision have emanated from within Congress too, with two party MPs...
- India, OECD to enhance coop in cross border taxation issuesThe increased cooperation with Paris-based OECD comes at a time when India is grappling with issues of tax evasion and blackmoney stashed i...
- India to wait till Dec to get details from Swiss banksIndia will have to wait till the end of this year to get information about funds stashed in banks in Switzerland where Parliament will take...
- Process of law to be followed in tackling black money: PranabPranab Mukherjee today made it clear that due process of law will be followed in tackling cases of blackmoney stashed abroad.
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