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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.
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
In order to speed up the process of obtaining overseas information against Indians holding black money abroad, the CBDT has asked the taxman to refrain from invoking a specific clause of not informing an individual against wh
Finance Minister Arun Jaitley today said the NDA government has done more work to fish out black money than any other previous government in a short span of two years and all efforts are afoot to book those who have not taken
Income Declaration Scheme 2016: The government is providing a 4-month window of opportunity starting June 1, 2016, to tax evaders to gain amnesty by coming clean under the scheme by paying 45 per cent tax.
The four-month window for declaring domestic black money will open on June 1 and those opting to come clean by paying 45 per cent tax and penalty will not be subject to scrutiny and enquiry by tax department.
With the scheme for domestic black money holders to come clean by paying tax and penalty set to become operational from June 1, the Finance Ministry today asked public to seek clarifications on it by May 25.
Disclosures made in the 4-month compliance window beginning June 1 for domestic black money holders to come clean will be kept secret, according to an amendment to the Finance Bill 2016 approved by the Lok Sabha.
Not satisfied with the Finance Ministry's response on the quantum of unaccounted money brought back from abroad, a Parliamentary Panel today said a lot needs to be done regarding unearthing of black money.