Govt introduces The Taxation Laws (Second Amendment) Bill in Parliament: Tax, Penalty & Surcharge on Black Money
The Taxation Laws (Second Amendment) Bill, 2016 has been introduced by the Finance Minister Arun Jaitley before the Parliament on Monday. The Bill...
Black Money: Govt. Initiates action against Indians on the information provided by the Foreign Government regarding banks accounts held in Liechtenstein & Switzerland
Action under the Income-tax Act, 1961 has been taken on the 12 trusts/entities, involving 26 individuals of Indian origin/nationality, based upon the information received from the German Tax...
Criminal Prosecution against Black Money Holders: Santhosh Kumar Gangwar reveals Govt's strategy for Tackling Unaccounted Income
There is no official estimation of the amount of black money within the country and stashed abroad. The Government had commissioned a study on the above through National Institute of Public Finance...
Strict Action against Tax Evaders using other persons’ Bank Accounts to convert their Black Money into New Denomination Notes: Finance Ministry
Person(s) who allows His Or Her Bank Account to be misused for this purpose can be Prosecuted for Abetment under Income Tax Act; Government appeals to people NOT to come in the Lure of Black Money...
![Black Money: PAN is Mandatory for Big Cash Deposits [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/07/PAN-Tax-Scan.jpg "Black Money: PAN is Mandatory for Big Cash Deposits [Read Notification]")
Black Money worth Rs 65250 crore disclosed under Income Declaration Scheme 2016, says FM Arun Jaitley
64275 declarations filed under IDS-2016 up to the midnight of 30th September, 2016Â The Income Declaration Scheme, 2016 came into effect from 1st June, 2016. It provided an opportunity to persons...
Information contained in declaration under the Income Declaration Scheme is confidential & shall not be shared with any authority, reiterates CBDT
The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme...
Income Declaration Scheme: RBI issues instructions to banks to allow payment of Tax under the Scheme in Cash [Read Circular]
The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme has come...