People with unexplained credits and investments reflecting on their I-T returns could earlier get away by offering higher tax on the amount.
Minister of State for Corporate Affairs PP Chaudhary said that his ministry is probing deposits of over $1 billion made by around 20,000 companies during the cash ban last year.
PM Modi today took stock of the steps taken by the finance ministry for a smooth rollout of GST and anti-black money drive post note ban
The government’s crackdown on black money post demonetisation have resulted in the detection of 18 lakh cases where the income profiles of people do not match their account profile, the Lok Sabha was informed today.
Stepping up its efforts to trace black money parked abroad, India has approached Switzerland seeking details of at least ten persons and entities to have misused Swiss banks’ famed high-secrecy walls to evade taxes. These
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