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Latest Articles in blackmoney

Need To Demystify Blackmoney, Tax Havens To Masses: Experts

Political willpower is needed but unfortunately we haven't seen that across different dispensations. But a social movement would exert pressure on the government to act against it

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I-T Dept Asks Blackmoney Holders To Make Honest Declarations Under Tax Amnesty Scheme

The I-T department on Thursday nudged blackmoney holders to make "honest" disclosures under the tax amnesty scheme — PMGKY — warning that non-declaration could attract 77.25 per cent tax and penalty along with prosecution

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Demonetisation Will Lead To Bigger, Cleaner GDP, Says BJP

The BJP has termed the aftermath of demonetisation a 'sacred movement' during which the masses accepted the temporary suffering with enthusiasm and asserted that black money has now been deposited in banks that will lead to high revenues and bigger and cleaner GDP

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Less Tax For Small Traders On Digital Transactions, Says Govt

In a bid to promote less cash economy, the government on Monday said small traders and businesses with a turnover of up to Rs 2 crore will pay less tax if they accept payments through banking and digital means

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Congress-BJP Clash In Rajya Sabha Over Ghulam Nabi Azad's Expunged Remarks

Congress and BJP members on Friday clashed in Rajya Sabha over Leader of Opposition Ghulam Nabi Azad's remarks during demonetisation debate yesterday, forcing adjournment of the House thrice in quick succession

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More Projects Lined Up To Finish Corruption, Ready To Face Consequences, Says PM Modi

In a direct attack on the opposition United Progressive Alliance, Prime Minister Narendra Modi said 'those who were involved in the coal scam, 2G scam and other scams, now have to stand in queues to exchange Rs 4,000'

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Income Declaration Scheme | Rs 65,250 Crore Declarations Made, Says Arun Jaitley

As much as Rs 65,250 crore of blackmoney was declared during the four-month compliance window -- the Income Declaration Scheme -- that ended on September 30, Finance Minister Arun Jaitley said on Saturday

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Govt Unearths Indirect Tax Evasion Of Rs 50,000 Crore In 2 Years

The crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years, a 32 per cent jump over a similar previous period

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Panama Papers: Dangerous To Question Legitimacy Of Self-made Wealth: Rajan

Amid a furore over leaked Panama Papers showing Indians with alleged offshore tax haven holdings, RBI Governor Raghuram Rajan on Thursday warned against a "dangerous" trend of questions being raised about legitimacy of even the entrepreneurial wealth of self-made people

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Panama Papers: RBI Warns Jumping To Conclusions

Cautioning against jumping to conclusions with regard to Panama Papers, the Reserve Bank on Wednesday said it will have to look into the evidence to find out what is legitimate or not

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Panama Papers: Black Money SIT To Investigate List

The Special Investigation Team on black money on Monday said it will investigate thoroughly the reported secret list of about 500 prominent Indians including actors, politicians and businessmen who have allegedly stashed money in offshore entities in tax haven Panama

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Blackmoney | Govt Collects Rs 2,428 Crore Tax From 644 Entities

Government has collected a total of Rs 2,428.4 crore in taxes after over 600 declarations were made by stash holders to the Income Tax department under the one-time black money compliance window that ended last year

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