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Tag "black money"

New compounding rules make it difficult for tax evaders to get away

New compounding rules make it difficult for tax evaders to get away

🕔19:47, 15.Jun 2019

New Delhi, June 15 (IANS) Tightening the screw on tax evaders, the revised guidelines issued by the Income Tax (I-T) Department have made serious offences under black money and benami laws “generally” non-compoundable. This means that a person or entity would

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Demonetisation: Modi government shoots itself in the foot (Note Ban Series)

Demonetisation: Modi government shoots itself in the foot (Note Ban Series)

🕔12:59, 22.Oct 2017

(Editors: This is part of a series to mark a year of the demonetisation announced on November 8, 2016). By Amulya Ganguli Much of the efforts of the Bharatiya Janata Party (BJP) leaders to explain away the current economic slowdown

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Modi’s war on black money incomplete without taxing farm income (Column: Active Voice)

Modi’s war on black money incomplete without taxing farm income (Column: Active Voice)

🕔11:59, 2.May 2017

By Amit Kapoor Taxing agricultural income has always been a politically sensitive topic. This was evident last week after NITI Aayog member Bibek Debroy spoke in favour of this above a certain threshold. Immediate clarifications followed that the official stance

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Black Money Check: NOTE BAN NOT AN ANSWER…

Black Money Check: NOTE BAN NOT AN ANSWER…

🕔08:17, 5.Jan 2017

Black Money Check NOTE BAN NOT AN ANSWER By Dhurjati Mukherjee   A section of experts believe that like energy, black money cannot be destroyed, it can change form and that has actually happened. Thus, Prime Minister Modi’s crusade against

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Govt Denies Issuance of Rs 2000 Note will fuel Black Money

Govt Denies Issuance of Rs 2000 Note will fuel Black Money

🕔13:45, 10.Nov 2016

TN Ashok New Delhi, Nov 10 : Finance Minister Arun Jaitley today strongly defended the issuance of the high denomination Rs 2000 currency note in the economy  from today disputing reports that the high value note would only fuel generation

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Rs 250 crore declared in Uttarakhand under IDS

Rs 250 crore declared in Uttarakhand under IDS

🕔10:56, 3.Oct 2016

Dehradun, Oct 3  Unaccounted wealth and income of Rs 250 crore has been declared by 400 people in Uttarakhand under the Income Declaration Scheme (IDS), an Income Tax official said on Monday.Of this about Rs 112 crore would go to

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Modi raises black money, tax evasion at G20

Modi raises black money, tax evasion at G20

🕔11:33, 5.Sep 2016

Hangzhou (China), Sep 5 Indian Prime Minister Narendra Modi on Monday raised the issues of black money and tax evasion at the G20 Summit here, urging member countries to act against financial corruption.On the second day of the Summit here, Modi

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With NSG, black money on agenda, Modi meets Swiss President

With NSG, black money on agenda, Modi meets Swiss President

🕔13:00, 6.Jun 2016

Geneva, June 6  With the issues of black money and India’s membership in the Nuclear Suppliers Group (NSG) high on the agenda, Prime Minister Narendra Modi on Monday held a meeting with Swiss President Johann Schneider-Amman.“The meetings in Switzerland begin…

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India to revise tax pact with Mauritius to curb black money

India to revise tax pact with Mauritius to curb black money

🕔10:30, 11.May 2016

New Delhi, May 11  Seeking to plug loopholes in the existing bilateral treaty that inhibit steps to curb black money, India on Tuesday said it has signed a protocol agreement with Mauritius to prevent evasion of taxes on income and

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Steps taken to check corruption: Modi

Steps taken to check corruption: Modi

🕔15:01, 18.Nov 2015

New Delhi, Nov 18  Prime Minister Narendra Modi on Wednesday said the government has taken “significant steps to check corruption and the menace of black money”.“The government has taken significant steps to check corruption and the menace of black money

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Government issues second set of FAQs on black money

Government issues second set of FAQs on black money

🕔11:35, 4.Sep 2015

New Delhi, Sep 4  In a second set of clarifications in the frequently asked questions (FAQs) format, the government on Thursday reiterated total confidentiality of information furnished to unearth black money stashed abroad.The finance minstry also relaxed conditions for those

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Black money: Swiss banks ask Indians to use compliance window

Black money: Swiss banks ask Indians to use compliance window

🕔15:18, 31.Aug 2015

New Delhi, Aug 31  Swiss and other European banks have asked Indian customers to avail the ongoing one-time compliance window granted by the tax department for disclosure of foreign assets.The call has been made in the wake of the final

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Cabinet nod for India-Seychelles pact to curb black money

Cabinet nod for India-Seychelles pact to curb black money

🕔10:57, 21.Aug 2015

New Delhi, Aug 21  In a major move against black money stashed away abroad, the union cabinet on Thursday approved the signing and ratification of an agreement between India and Seychelles for exchanging information on tax issues. “The government is

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Black money abroad declaration form can be filed online

Black money abroad declaration form can be filed online

🕔09:53, 1.Aug 2015

New Delhi, Aug 01  The government has notified the form for declaring income and assets abroad as well rules for their calculation under the Undisclosed Foreign Income and Assets Bill and these can also be filed online, parliament was told

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Rules for valuation of black money abroad notified

Rules for valuation of black money abroad notified

🕔10:41, 4.Jul 2015

New Delhi, July 4  The finance ministry on Friday notified rules for calculating income and assets abroad under the Undisclosed Foreign Income and Assets Bill. The bill providing for heavy penalties for stashing away black money in foreign accounts came

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Modi government will tackle black money issue: Amit Shah

Modi government will tackle black money issue: Amit Shah

🕔11:58, 26.May 2015

New Delhi, May 26  The Narendra Modi-led central government is determined to tackle the black money issue, BJP president Amit Shah said here on Tuesday. “The Modi government is determined to tackle the black money issue,” said Amit Shah while

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UN Crime Prevention Congress calls for action on recovering black money

UN Crime Prevention Congress calls for action on recovering black money

🕔13:45, 20.Apr 2015

United Nations, April 20  A major UN meeting of law officials has called for a strong international action to track down and recover black money hidden in safe havens. The 13th United Nations Congress on Crime Prevention and Criminal Justice,

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Black money bill proposes 10 years jail, 300 percent penalty

Black money bill proposes 10 years jail, 300 percent penalty

🕔10:10, 19.Mar 2015

New Delhi, March 19  Giving concrete shape to Finance Minister Arun Jaitley’s budget announcement last month on recovering black money stashed away abroad, the cabinet-approved anti-black money law provides a short window to income tax assessees to declare assets, pay

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Cabinet approves bill on tracing black money

Cabinet approves bill on tracing black money

🕔11:37, 18.Mar 2015

New Delhi, March 18  Giving concrete shape to Finance Minister Arun Jaitley’s announcement of a bill to trace black money, the union cabinet on Tuesday approved a new law to track unaccounted wealth. Finance ministry sources told IANS that the

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