Black Money: CBDT reports significant increase in Prosecutions against Tax Evaders
The Income Tax Department has accorded the highest priority to tackle the menace of black money. With this objective in mind, the Department has...
Black Money: Govt. takes Six Steps to tackle Benami Transactions Across the Country, says Santosh Kumar Gangwar
The Government of India has taken several steps to address the problem of benami transactions across the country. (i) The Benami Transactions (Prohibition) Act, 1988 (the Act) was comprehensively...
More than 5.27 lakh Taxpayers submitted their response till 12th Feb, 2017: Operation Clean Money by CBDT gets overwhelming response
Last date for the submission of online response extended up to 15th February, 2017. The Income Tax Department had initiated ‘Operation Clean Money’ on 31st January, 2017 for the e-verification of...
No Official Estimation of percentage of Black Money in Cash held in India, says MoS Santosh Kumar Gangwar
In the last financial year (2015-16) 648 disclosures involving undisclosed foreign assets worth Rs.4164 crore were made in the one-time three months’ compliance window ending 30th September 2015,...