Union Budget 2026 Proposes One-Time Foreign Asset Disclosure Scheme: Know the New Amnesty Scheme and Benefits
While presenting the 2026 Union Budget, the Union Finance Minister Nirmala Sitharaman recognised that students, young professionals, technology...
Transparent Disclosure of Foreign Assets and Income: All You Need to Know About CRS & FATCA for ITR Filers
In our globalised economy, financial transparency is a cornerstone of compliance with international tax laws. The Common Reporting Standard ( CRS ) and the Foreign Account Tax Compliance Act ( FATCA...
Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]
In a recent case, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that any addition made as undisclosed foreign income and assets under the Black Money Act (BMA), shall not be...
![Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-High-Court-Black-Money-Foreign-Income-TAXSCAN.jpg "Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]")
Used Luxury Car Showroom Raid in Kozhikode, Kerala: Income Tax Dept unveils Rs. 102 Cr Black Money Transactions
Black money transactions totaling Rs 102 crores were uncovered in an income tax raid at a used car showroom in Kozhikode. The fraud reportedly took place at Royal Drive, owned by Malappuram native...
Manjummel Boys Producers in Trouble, ED launches Investigation against Money Laundering Allegations
The Directorate of Enforcement ( ED ) is investigating ‘Parava Films’, the producers of 'Manjummel Boys'. The Enforcement Directorate will investigate whether Parava Films has carried out black money...
