Searched for
TAX IMMUNITY SCHEMES
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...
Resilient, not shock-free: India charts path through war jittersIndia's economy faces challenges from the West Asia conflict. Rising oil prices and trade disruptions are impacting India. However, strong ...
10 ways individual taxpayers will be impacted most from Budget 2026: Tax slabs, ITR filing deadlines, Foreign Asset Disclosure Scheme and moreBudget 2026 introduces a New Income Tax Act effective April 1, 2026, with staggered ITR filing deadlines and reduced TCS on overseas tour p...
One time undisclosed foreign income disclosure scheme announced in Budget 2026 for these taxpayersA new scheme will allow small taxpayers to declare undeclared foreign assets. This one-time offer covers income or assets up to one crore r...
Lok Sabha passes Direct Tax Vivaad Se Vishwas BillA bill to provide an opportunity to taxpayers to settle their tax disputes by paying just due taxes with complete waiver of interest and pe...
PAC for action against tax amnesty beneficiary-turned-evadersThe PAC, according to sources, has held discussions with the officials of the revenue department with regard to the CAG's performance audit...
Simple 2-page form to be filled for declarations under new income declaration schemeFor declaration under the PMGKY scheme, the only thing required is the details of bank and/or post office accounts where the cash has been ...
These are the only 4 tax options if you hold black moneyThis analysis will help you understand under which option immunity from other laws would be available and where it would not be.
How to avail Income Declaration Scheme 2016 for undisclosed incomeUnder the amnesty scheme, if a declarant pays income tax with surcharge and penalty for undisclosed income in previous financial years, he ...
No proposal to extend Income Disclosure Scheme deadline: GovernmentIDS provides for immunity from prosecution under the Income-tax Act and Wealth Tax Act alongside immunity from the Benami Transactions Act,...
Tax paid in black money scheme must be whiteA tax payer will get immunity under the scheme only in respect of unaccounted assets declared and not on the tax amount, which adds up to 4...
No government immunity for those paying tax from undeclared incomeA four-month window has been provided to persons holding undeclared income to come clean by paying a tax of 30% and interest and penalty of...
Those paying tax from undisclosed income will not be eligible for immunity: CBDTIt said that the effective rate of tax is 45% and there is no modification in the rate proposed by circular on the scheme issued by the boa...
Blackmoney window: Fresh FAQs likely as new queries ariseThe IDS will apply to undisclosed income whether in the form of investment in assets or otherwise, pertaining to financial year 2015-16 or ...
Budget 2016: Government unveils new scheme for black money hoardersAs per the scheme, anyone who is non-compliant can come clean by paying tax at 30%, a surcharge of 7.5% plus penalty of 7.5%, taking it to ...
Budget 2016: 4-month window for domestic black money holders to come cleanGovernment today came out with one time four-month compliance window for domestic black money holders to come clean by paying tax and penal...
MCD waives penalty, interest to recover property tax duesWith property tax worth crores of rupees due against various government and private organisations, the civic body has now offered immunity ...
- White Paper on black money against tax immunity schemes
The White Paper on black money today virtually ruled out the possibility of a voluntary disclosure or gold deposit tax immunity schemes to ...
White Paper on black money tabled in Parliament, makes strong case for setting up LokpalThe 97-page document has also suggested tax incentives for encouraging use of debit and credit cards as these leave audit trails.
- Hotel Rajdoot director to face trial for tax evasion
The sole surviving director of Hotel Rajdoot has been ordered by a city court to be put on trial for not depositing income tax for five con...