There was panic run on ATMs across the country as Prime Minister Narendra Modi on Tuesday late evening surprised the nation by declaring that Rs 500 and Rs 1,000 notes will not be legal tender from midnight.
The Sensex and Nifty opened sharply lower this morning as the government’s major decision to demonetise Rs 500 and Rs 1,000 comes into effect and Republican candidate Donald Trump leading the tight battle in the US presidential election.
In a major assault on black money, fake currency and corruption, Prime Minister Narendra Modi today took the nation by surprise as he announced that the currency notes of Rs 500 and Rs 1000 will
The government has declined to shares reports reports submitted to it nearly three years ago on the quantum of black money held by Indians inside the country and abroad.
Using the analogy of surgical strikes, Prime Minister Narendra Modi today wondered what would have happened if the government had adopted similar strategy in the recent campaign against black money, which unearthed Rs 65,000 crores.
In a startling revelation made as part of the government’s stringent Income Declaration Scheme, a lawyer practising in the Delhi High Court and Supreme Court has declared unaccounted income of over Rs 125 crore.
Andhra Pradesh Chief Minister Chandrababu Naidu today reiterated his demand for abolishing the currency notes of Rs 500 and Rs 1,000 denominations in order to check black money in the country.
A week after the black money disclosure window was closed, India today sought enhance cooperation from Switzerland and asked it to provide information on people stashing illegal money in that country.
The Income Declaration Scheme by the government has evoked blackmoney worth Rs 65,250 crore during its four-month compliance window that ended on September 30, Finance Minister Arun Jaitley said today. Jaitley said 64,275 declarations were
A week after the Income Tax Department raided the roadside eateries across the country, owners of such premises in and around Mumbai have come out with undisclosed income amounting nearly Rs 50 crore. People who
As per the Income Declaration Scheme (IDS), September 30 is the last day to declare unaccounted income, or ‘black money’ and if you happen to be one of those who fall in that bracket, either rush or brace yourself to be dealt with an iron hand.
Days before tainted bureaucrat BK Bansal and his son Yogesh allegedly committed suicide, it appears that the latter declared around Rs 2.4 crore under the Income Declaration Scheme 2016 of the IT department.
In order to extend the working hours on the last day of Income Declaration Scheme to receive declarations under the one-time domestic black money window, the Central Board of Direct Taxes (CBDT) on Wednesday asked
Prime Minister Narendra Modi on Monday raised the issue of black money and tax evasion at the ongoing G20 Summit here and asked the member countries to take action against the financial corruption.
In its crackdown against black money holders in the country, the Income Tax department has seized an all-time high value of cash and jewellery, while Rs 3,360 crore unpaid taxes have been surrendered this year.
The government is set to ban cash transactions over Rs 3 lakh as it seeks to clamp down on black money in the economy following recommendations from the Supreme Court-appointed Special Investigation Team. The Rs
Black money holders who have disclosed their ill-gotten assets during July under the ongoing black money compliance scheme will receive acknowledgement by the tax department by August 30. After government’s extension to extended the
In a commitment to carry forward the fight against black money, Prime Minister Narendra Modi today warned the black money holders of stringent action including imprisonment after September 30. PM Modi said those with
New Delhi: Stepping up its effort to curb domestic black money, the Income Tax department has retrieved information on 90 lakh high value non-PAN transactions reported for the period between 2009-10 and 2016-17. The tax
New Delhi: Stepping up its effort to curb domestic black money, the Union Cabinet on Wednesday approved the Benami Transactions (Prohibition) Amendment Bill with the hope of introducing them in the ongoing monsoon session of
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