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UNACCOUNTED WEALTH
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...- Jacqueline Fernandez, Sukesh Chandrashekar among 17 charged in Rs 200-crore money laundering caseA Delhi court has formally framed charges against actor Jacqueline Fernandez, alleged conman Sukesh Chandrashekar, and 17 others in a Rs 20...
- Earning Rs 20 lakh can still leave you middle class? CA’s warns about silent money mistakes urban Indians makeMany professionals earn lakhs but face financial anxiety. Chartered accountant Nitin Kaushik warns that high salaries can become a 'high-sp...
- China’s property prices crash to 2005 levels: Could India face a similar housing slump?China's property market faces a prolonged downturn, with prices hitting near two-decade lows, sparking fears of a similar correction in Ind...
- IT Department carries out search on entities engaged in hotel, real estate business in KolkataThe cases were developed on the basis of available data in the departmental database, analysis of their financial statements, market intell...
- 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...
- House panel would have estimated quantum of black money had there been more time: Veerappa MoilyThe panel's report, titled 'Status of Unaccounted Income/Wealth Both Inside and Outside the Country - A Critical Analysis', was tabled in t...
- Indians' unaccounted wealth abroad estimated at $216-490 billion: StudiesIllicit outflows from the country are estimated on an average at 10 per cent of the estimated unaccounted income.
- A dozen government officials arrested by Karnataka Lokayukta over unaccounted wealthA statewide raid yielded unaccounted wealth totalling 14 crore.
- Kannada stars, producers admit to Rs 109 Cr unaccounted wealth: IT deptIncriminating evidence found during the searches resulted in the defaulters admitting to Rs 109 crore unaccounted income.
- Demonetisation led to decline in silver bar demand: surveyThe introduction of an excise duty on gold in India also had a spillover effect on silver demand.
- 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...
- Black Money: Don't want to be big brother watching, says Arun JaitleyAsserting that those who earn must pay taxes, particularly in a country where rates are reasonable, Jaitley said that in future non-payment...
- Finance Ministry to hold talkathon on new black money law tomorrowFinance Ministry will hold a talkathon on the new black money law tomorrow during which Revenue Secretary Shaktikanta Das and CBDT Chairper...
- Declare overseas assets, will be difficult to hide, says Revenue Secretary Shaktikanta DasGovt asked persons holding undisclosed offshore assets to declare them before Sept 30 as it would be difficult to hide unaccounted assets i...
- I-T crackdown on undisclosed Swiss account holdersThe income tax department has launched an offensive against politicians and industrials who had parked money in HSBC Bank, Geneva.
- Disclosure of unaccounted money in Gujarat jumps to Rs 950 crThe disclosure of unaccounted wealth during Income Tax searches in FY10-11 in Gujarat stood at Rs 950.54 cr against Rs 576.51 cr last year,...
- Priyanka Chopra rubbishes reports about unaccounted assetsBollywood actress Priyanka Chopra has described as "malicious rumours" reports in the media about her alleged unaccounted wealth.
- Rs 11 cr undeclared wealth at homes of Priyanka Chopra, Atul KasbekarIncome-tax officials on Thursday claimed to have detected documents revealing unaccounted wealth of around Rs 11 crore during their searche...
- Search to intensify for hidden wealthTax evaders beware. The income tax department may increase the number of searches to unearth black money.
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