Govt says info under domestic black money scheme confidential
Government on Thursday said information about those who declare their black money under the compliance window, ending September 30, will be kept confidential.
Sep 15, 2016, 14:17 PM IST
Tax litigations: I-T dept to write to over 2.59 lakh taxpayers
After unleashing a massive awareness campaign for the one-time black money compliance window, the tax authority will now write to over 2.59 lakh taxpayers to avail benefits of a similar scheme where an estimated Rs 5.5 lakh crore is stuck in litigation.
Jul 19, 2016, 20:59 PM IST
Govt detects nearly Rs 44K cr in undisclosed income
Undisclosed income of Rs 43,829 crore, both from domestic and foreign sources, has been detected by government in the last two financial years, Parliament was informed.
Jul 19, 2016, 20:57 PM IST
Compliance window for domestic black money opens tomorrow
Under the Income Declaration Scheme, persons making disclosure of unaccounted assets will be given time up to November 30 to pay taxes, penalty and surcharge totalling 45 percent at the fair market value.
May 31, 2016, 14:00 PM IST
Compliance window for black money holders is no amnesty: FM
Finance Minister Arun Jaitley on Wednesday said the domestic black money holders being offered a limited period compliance window to come clean is not an amnesty scheme as disclosures will be charged at 45 percent as against the normal rate of 30 percent.
Mar 02, 2016, 12:49 PM IST
No FEMA action for disclosure under black money window: RBI
RBI Wednesday said no action under FEMA will be taken against declarations under one-time black money compliance window, which ends today.
Sep 30, 2015, 20:48 PM IST
Govt not to extend Sept 30 deadline to disclose foreign assets
Government will not extend the deadline for income tax assesses to disclose unaccounted foreign assets abroad beyond September 30, which is the expiry date of the three-month compliance window to avoid punitive action, a senior tax official said Tuesday.
Sep 22, 2015, 15:56 PM IST
I-T dept to catch hold of black money holders post Sep 30: CBDT
All "consequences" of law will follow and the taxman will go after black money hoarders who do not declare their illegal funds before the expiry of a one-time 90-day 'compliance window' on September 30, the CBDT chief warned on Monday.
Sep 21, 2015, 15:35 PM IST
Govt promises total confidentiality on black money declarations
The Finance Ministry issued 32 Frequently Asked Questions (FAQs) on the compliance window on July 6, and came out with the second set today.
Sep 03, 2015, 20:04 PM IST
Compliance window last chance to come clean on black money: Govt
Terming the rules for the new black money law "simple and clear", Finance Ministry on Saturday said the ongoing compliance window will be the last chance to come clean on undisclosed foreign assets.
Jul 04, 2015, 21:01 PM IST
Black money: Compliance window not to apply if proceedings already on, says govt
Indian government has received information regarding some its citizens having undisclosed foreign accounts in HSBC bank's Geneva branch and LGT Bank Liechtenstein.
Jul 03, 2015, 22:32 PM IST
FinMin to soon issue FAQs on new black money law
The Finance Ministry is likely to soon issue FAQs explaining the provisions of the new black money law and also to clarify whether one-time compliance window can be availed by persons already under probe.
Jun 11, 2015, 13:50 PM IST
Black money: Compliance window in the next 2-3 weeks
Under the new law, persons having unaccounted wealth will be given an opportunity through a compliance window to come clean by declaring their assets and pay penalty and tax of 60 percent.
May 14, 2015, 17:37 PM IST
Compliance window in black money law is not amnesty: Govt
The short window for declaring undisclosed assets under the proposed black money law will spare tax payers of prosecution but will have to pay tax and penalty as it won't be an amnesty scheme.
Mar 20, 2015, 22:19 PM IST
