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Switzerland today said it will relax norms for providing information to foreign nations seeking banking details about their citizens on the basis of 'stolen data', a move that would benefit India in its fight against the blac
The Income Tax Department on Thursday came out with forms through which black money holders would be required to disclose their undisclosed income under the Income Disclosure Scheme 2016 which came into effect from June 1.
The Income Tax department is mulling booking defence consultant Sanjay Bhandari, said to be linked to Robert Vadra in an alleged benami property transaction in London, under the stringent anti-blackmoney law in connection wit
The Income Tax department today notified four new forms for those who wish to declare their untaxed funds and properties under the one-time domestic black money compliance window that opened this month.
The Income Tax department will soon put out a list of registered valuers of various categories of assets for those who wish to declare their untaxed funds and properties under the one-time domestic black money compliance wind
The Income Declaration Scheme, 2016, comes into force from June 1, 2016 providing a 4-month opportunity for domestic black money holders to come clean by paying 45 per cent of the undisclosed income to tax authorities.
Switzerland today named Lalit Modi and his wife Minal among those about whom information and assistance have been sought from its tax department by the Indian authorities.
The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45 per cent on such assets will open tomorrow.
Persons who have earned money through corrupt practices cannot take advantage of the domestic black money disclosure scheme, says the Finance Ministry's FAQ on Income Declaration Scheme issued today.
Switzerland today started the process for an ordinance to put in place a mechanism for automatic exchange of tax information with India and other countries.
While seeking information from a foreign country in connection with black money stashed abroad by Indians, the CBDT has decided to refrain from invoking a specific treaty clause of not informing the person, except in special
