Blackmoney
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Government approves pact with Seychelles to check black money
India | Aug 21, 2015, 12:42 AM ISTNew Delhi: Stepping up its fight against black money generation, the government today approved signing and ratification of an agreement between India and Seychelles for exchange of information on taxes.The agreement will stimulate information exchange
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Assets of Rs 6,500 cr disclosed under compliance window: PM Modi on black money law
National | Aug 15, 2015, 11:09 AM ISTNew Delhi: Committing to carry forward the fight against black money, Prime Minister Narendra Modi today said Rs 6,500 crore of undisclosed foreign assets have been declared under the compliance window of the new law
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Govt assures 'full confidentiality' under black money window
Aug 10, 2015, 09:27 PM ISTNew Delhi: Seeking to allay fears, the government today said full confidentiality will be maintained with regard to disclosures of unaccounted overseas wealth made under the black money compliance window and only those who do
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Shine wearing off Govt; black money law vengeful: Rahul Bajaj
National | Aug 08, 2015, 09:08 AM ISTNew Delhi: In a strong criticism of the Modi government, top industrialist and Rajya Sabha MP Rahul Bajaj today said its "shine seems to be wearing off" and also lashed out at the new black
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Black money: Government says names can be revealed in public interest
India | Aug 05, 2015, 04:52 AM ISTNew Delhi: Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government today said details of information provided during the one-time compliance window can be revealed in
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Cooperating with Indian authorities on Swiss account probe: HSBC
Aug 03, 2015, 06:50 PM ISTLondon : Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.The bank also disclosed a number of other
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SIT for deterrent measures to check betting in cricket
Cricket | Jul 24, 2015, 09:26 PM ISTNew Delhi: Flagging involvement of unaccounted money in cricket betting, especially IPL, the Special Investigation Team on black money today asked the government to put in place measures to control the menace. “... it is
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Black money: SIT asks SEBI to clamp down on tax evaders, P-Note misuse
Jul 24, 2015, 08:47 PM ISTNew Delhi: Concerned over flow of black money into stock market, the Supreme Court-appointed SIT today asked regulator Sebi to compulsorily identify real owners of foreign funds coming through the controversial P-Note route and also
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Blackmoney: E-filing link to declare illegal assets launched
Jul 21, 2015, 02:44 PM ISTNew Delhi: The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government."The link has been
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Over 25% Assembly seats in Bihar 'black money sensitive': Election Commission
India | Jul 20, 2015, 10:13 PM ISTNew Delhi: Over 25 per cent of Bihar's 243 Assembly constituencies have been declared as "sensitive" by the Election Commission with regards to election expenditure and black money related incidents.As many as 67 constituencies fall
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Black money law: Finance Ministry wants people to address queries to CBDT
India | Jul 14, 2015, 06:27 PM ISTNew Delhi: Finance Ministry on Tuesday dismissed some media reports on the new blackmoney law as "surmises" and asked people to address queries directly to the revenue department.Without specifying the reports, the Ministry said that
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Blackmoney: CBDT rejigs committee to handle FATCA cases
Jul 12, 2015, 02:04 PM ISTNew Delhi: The CBDT has rejigged a special committee formed to secure confidential tax data and initiate a check on instances of black money as part of mutual exchange of information with US authorities under
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Enforcement Directorate attaches Rs 116 crore kept in Singapore bank
Jul 07, 2015, 11:54 PM ISTMumbai: In a major success in black money probe, the Enforcement Directorate (ED) has successfully attached around Rs 166 crore kept in a Singapore bank in connection with money laundering probe in a city-based ponzi
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India likely to sign US tax compliance law FATCA on Thursday
Jul 07, 2015, 07:26 PM ISTNew Delhi: India is likely to sign the inter- governmental pact for the US tax compliance law FATCA on Thursday, a move that will help it fight tax evasion.Foreign Account Tax Compliance Act (FATCA) is
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Compliance window: Declaration of overseas black money can be done online
India | Jul 05, 2015, 06:09 PM ISTNew Delhi: Those wanting to utilise the recently notified one-time black money compliance window can also use the efiling facility of the tax department to declare their foreign-based untaxed assets apart from the manual filing
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Compliance window last chance to come clean on black money: Government
India | Jul 04, 2015, 08:11 PM ISTNew Delhi: Terming the rules for the new black money law "simple and clear", Finance Ministry today said the ongoing compliance window will be the last chance to come clean on undisclosed foreign assets.Central Board
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Compliance window not to apply if proceedings already on: Government
India | Jul 03, 2015, 11:19 PM ISTNew Delhi: The government today said Indians against whom information has been received from foreign nations on overseas accounts or assets won't be eligible to use compliance window to make voluntary disclosures under the stringent
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Government notifies rules for asset valuation under black money law
India | Jul 04, 2015, 09:16 AM ISTNew Delhi: Government has notified the rules for calculating overseas income and assets under the stringent foreign black moneylaw that came into force on July 1.The value of the overseas assets, including immovable property, jewellery
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Black money law comes into force from July 1
Jul 02, 2015, 07:27 PM ISTNew Delhi: The black money law that provides for stringent penalties and jail term for failing to disclose overseas income has been operationalised from July 1 this year, instead of April 2016, the Finance Ministry
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Black money deposited in Dushyant's account: Gurudas Kamat
National | Jul 02, 2015, 07:56 AM ISTJaipur: AICC General Secretary Gurudas Kamat yesterday alleged that the BJP was silent on the issue of black money because “it was deposited in the account of” Dushyant Singh.Kamat was on a whirlwind tour of