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Income Declaration Scheme - Finance Act - taxscan

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, 2016 The Income Declaration Scheme, 2016 came into effect from 1st...

Information contained in declaration under the Income Declaration Scheme is confidential & shall not...

Income Declaration Scheme: RBI issues instructions to banks to allow payment of Tax under the Scheme...

Curb - Black Money - Effective measures - Taxscan

SIT on Black Money asks RBI to develop institutional mechanism to track illicit financial flows

Black Money - Automatic Exchange - taxscan

Government takes various measures to curb Black Money

Govt. takes step to effectively tackle the Black Money stashed abroad; Finance Minister Arun Jaitley

There is no official estimation of the amount of black money stashed away abroad. Various non-governmental organizations and economists in the past have indicated certain estimations of illicit...

Detection of Black Money by Government

Recognizing various limitations under the existing legislation [Income-tax Act, 1961, etc.], the Government enacted a new law – ‘The Black Money (Undisclosed Foreign Income and Assets) and Imposition...

One Third of the Black Money held by Indians in Swiss banks fallen; Santosh Kumar Gangwar in Rajya Sabha

While there is no official estimation regarding black money of Indians stacked in Swiss banks, recent media reports have quoted Zurich based Swiss National Bank as saying that money held by Indians in...

Ban Cash Transactions above ₹3Lakhs: SIT submits recommendations on Black Money

The Fifth SIT report has been submitted before the Hon’ble Supreme Court by the SIT. The SIT has made the following recommendations in the Fifth Report: Cash transactions : The SIT has felt that...

Finance Act 2016 enables The Income Declaration Scheme 2016 to open from 1st June

The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years to come forward...

Govt. takes effective measures to Curb Black Money in the Country

The Government has taken several measures to effectively deal with the issue of Curb black money, particularly black money stashed away abroad. Such measures include policy-level initiatives, more...