Black money: I-T dept unearths undisclosed income of Rs 7,961 crore
In a written reply to the Lok Sabha, Minister of State for Finance Pon Radhakrishnan said the department, during this period, conducted searches on around 900 groups, wherein assets worth over Rs 900 crore were seized and undisclosed income of Rs 7,961 crore was admitted.
Dec 18, 2017, 19:26 PM IST
Undisclosed income of Rs 71,941 crore detected in 3 years: Government to Supreme Court
Similarly between April 1, 2014 to February 28 this year, the IT department conducted more than 15,000 surveys which led to "the detection of undisclosed income of more than Rs 33,000 crore".
Jul 23, 2017, 09:59 AM IST
91 lakh persons come under tax net post note ban: FM Jaitley
The number of persons under the tax net has increased by 91 lakh as unaccounted cash lost anonymity post note ban, Finance Minister Arun Jaitley said on Tuesday.
May 16, 2017, 19:02 PM IST
91 lakh new taxpayers added, undisclosed income of Rs 16,398 crore identified post demonetisation
Personal income tax return filing has gone up post-demonetisationdue to ownership of unanimous money being identified, Finance Minister Arun Jaitley said on Tuesday.
May 16, 2017, 17:55 PM IST
Rs 5,400 crore of undisclosed income detected post-demonetisation
The Income Tax department carried out over 1100 searches and surveys immediately after demonetisation and detected undisclosed income of over Rs 5,400 crore, Finance Minister Arun Jaitley told the Rajya Sabha on Tuesday.
Apr 11, 2017, 19:29 PM IST
Rs 5,400 crore worth of undisclosed income detected: Govt to Supreme Court
A whopping Rs 5,400 crore worth of "undisclosed income" has been detected by law-enforcing agencies till January 10 since demonetisation came into force last November, the government has told the Supreme Court.
Apr 09, 2017, 17:44 PM IST
Don't delay further! You must finish these tasks by today
Come April 1 and several rules will change in the country while newer rules will be implemented.
Mar 30, 2017, 10:17 AM IST
Hard cash being disclosed must exist on payment date: I-T dept
Weeks before the new tax amnesty scheme closes, the government has clarified that any hard cash being disclosed must exist at the time of making payments, but the same condition is not necessary for undisclosed income held in the form of deposits.
Mar 15, 2017, 12:19 PM IST
I-T dept asks blackmoney holders to make honest declarations
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 percent tax and penalty along with prosecution.
Mar 09, 2017, 11:14 AM IST
No official estimation of black money either before or after Nov 8: FM Jaitley
There is no official estimation of black money either before or after November 8 -- the day government announced scrapping of old Rs 500 and Rs 1,000 notes, Finance Minister Arun Jaitley said Friday.
Dec 16, 2016, 17:37 PM IST
Black money: No proposal to extend Income Disclosure Scheme deadline, says Govt
The government on Friday said it is not considering any proposal to extend the four-month deadline for disclosing domestic black money under the Income Disclosure Scheme (IDS), which ends on September 30.
Aug 12, 2016, 16:00 PM IST
I-T dept detects Rs 22K crore undisclosed income in 2 years: FM Jaitley
The Income Tax Department has detected undisclosed income worth Rs 22,475 crore in over 9,500 surveys conducted over the past two years, Finance Minister Arun Jaitley said Friday.
Jul 22, 2016, 16:30 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
Govt detects Rs 1,761.09 crore undisclosed income till June
The government has detected an undisclosed income of Rs 1,761.09 crore while it seized Rs 75.37 crore in a total of 41 searches till June this fiscal, Parliament was informed Friday.
Jul 31, 2015, 19:00 PM IST
Rs 1.16 lakh cr undeclared income unearthed in 3 years: Sinha
As the government continues its pursuit of black money held by Indians, the I-T Department has detected undisclosed income totalling over Rs 1.16 lakh crore in the last three financial years, of which real estate accounted for a substantial part.
Dec 16, 2014, 22:10 PM IST
