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HSBC GENEVA
HSBC Geneva leak: ITAT says data is old, bank balance can't be taxedIn a decision that could have a bearing on other `HSBC account’ cases, a tax tribunal last week has ruled that the I-T department cannot go...- Swiss HSBC account holders bent on cross-examining persons who shared their information with IndiaSeveral HSBC accountholders in their appeals to challenge the claims of the tax department have underscored the right to cross-examine.
- NRIs with offshore bank accounts cannot escape investigation by tax authoritiesGoverned by rules and conventions of banking secrecy, banks in Switzerland and tax havens divulge information only after account holders gi...
- France imposes Euro one billion bail on HSBC; begin formal probeThe bank came under the scanner after a global expose by a grouping of investigative journalists disclosed details of over one lakh account...
- HSBC Swiss account holders can't hide from Indian tax department anymore, here's whyA third party — a Swiss national or entity like a law firm — is being involved as the Swiss government cannot share the information with a ...
- Black money probe: HSBC India staff to forego a part of bonus & hikes to pay for parent’s shadowy practicesThe employees will be intimated about the quantum of bonus and hikes over the weekend when the pay review notes are finalised.
- Black money case: I-T department to file complaint against HSBC Geneva before March 31Sources 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.
- Supreme Court breather for HSBC Geneva account holdersSC has ruled that Indian resident beneficiaries shall not be taxed on the income of an offshore discretionary trust as long as the trustees...
- IT department serves notices to individuals refusing to share details of bank accounts with HSBC GenevaThe investigation, which has not made much headway in the past five years, is believed to have gathered steam after the assembly elections.
- HSBC New Jersey client admits conspiracy in offshore tax caseA 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...
- Black money: I-T approaches Swiss authorities for data of account holders in HSBC Geneva branchI-T dept has approached Swiss authorities for banking data of certain individuals after investigations showed some of them reportedly had o...
- Arvind Kejriwal's 'expose': Top corporate honchos like Ambanis, Burmans have Swiss accountsKejriwal has struck again, accusing leading Indian businessmen of stashing away millions of dollars and the government of doing little to r...
- Arvind Kejriwal's 'expose' on black money: Demands probe on top corporate honchosLike it was done by US, HSBC should be asked to provide complete list & bank statements of all Indians who have had accounts, asks IAC.
- HSBC Geneva Case: I-T wing suggests prosecution actionThe investigation wing of income tax department, Mumbai, which had sent notices to several individuals — including corporate biggies — for ...
- Taxes of Rs 181 crore realised in HSBC bank Geneva casesTaxes of about Rs 181 crore with respect to the cash deposits of Indians who had unreported accounts in HSBC bank Geneva.
- I-T dept to initiate prosecution action in HSBC Geneva casesIn 80 cases till now, the department has detected undisclosed income of Rs 438 crore and taxes of Rs 135 crore have been realised so far.
- IT department investigates into unreported accounts with HSBC Geneva in a rushDuring 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.
- Black Money: India to knock at Swiss door for details in HSBC Geneva accountsIndia will request Switzerland to provide details of all undisclosed accounts held by Indian nationals in HSBC, Geneva.
- Tax notices to over 100 Swiss bank account holders in MumbaiMore than 100 individuals in Mumbai have received notices from the Income-Tax Department this month for holding undisclosed bank a/c.
- I-T department to regularise income of Indians with a/cs in HSBC GenevaDepending on evidence, I-T dept may demand additional taxes with int & even levy a penalty for not disclosing the full income.
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