The government on Sunday revised upwards the amount of black money disclosed under Income Declaration Scheme (IDS) to Rs 67,382 crore, even as it did not take into account two high-value disclosures.
Mahesh Shah, who came under the microscope of the Income Declaration Scheme (IDS) post a surprising disclosure Rs 13,860 crore in unaccounted wealth, seems to have taken a U-turn as he today said he was
In a one of its kind case regarding unaccounted income, the Income Tax (I-T) department has under its scanner a businessman based out of Ahmedabad, who had voluntarily declared Rs 13,000 crore worth income.
Finance ministry today said those indulging in money laundering activities and converting their ill-gotten money into white will not be spared as law-enforcement agencies are already chasing such trails.
Prime Minister Narendra Modi today appealed to the people to "lead the change" towards cashless transactions to lay strong foundations of an India where there is no place for such malaise.
The Bharatiya Janata Party (BJP) today hit back at the Congress for pointing fingers at it and its supporters over hacking of verified Twitter accounts of the grand old party and its vice-president Rahul Gandhi.
Switzerland government on Thursday initiated its statutory consultation process for bringing into force Automatic Exchange of Information (AEOI) on tax matters with India
Various estimates have been made of the quantum of such money — which is not expected to be deposited in banks — that range from Rs 3 lakh crore to Rs 5 lakh crore.
The Rajya Sabha was adjourned briefly today following an uproar shortly after Prime Minister Narendra Modi entered the House.
Finance Minister Arun Jaitley today slammed Delhi Chief Minister Arvind Kejriwal for making ‘factually incorrect’ statements on the changes in the Income Tax Act.
Defying the existing notion regarding the Hindi film industry, Union Minister of State for Information and Broadcasting Rajyavardhan Rathore today said that contrary to black money being pumped into the film industry in yesteryears, there
Income Tax department has found that around Rs 40 crore was deposited in scrapped 500 and 1000-rupee notes at the Kashmere Gate branch of Axis Bank in New Delhi.
The Puducherry unit of Bharatiya Janata party (BJP) today said those who were hoarding black money and evading income tax alone raised the banner of revolt against the Centre' move to combat corruption and fake currency, through demonetisation.
Prime Minister Narendra Modi on Sunday warned people who he said were using the poor to bring back black money into the system and made it clear the guilty will be punished.
In further crackdown on black money, the Narendra Modi government may consider imposing curbs on domestic holdings of gold, according to finance ministry sources. However, when a finance ministry spokesman was asked about the same,
With an aim to weed out black money and corruption from public life, the government on Friday said in Lok Sabha that it wanted a reduction in the use of physical currency in the economy,
Prime Minister Narendra Modi’s ‘demonetisation’ move has shocked a number of corrupt government officials who had stashed ‘black money’ in their homes and other places.
The Delhi unit of the Bharatiya Janata Party has accused the ruling Aam Aadmi Party (AAP) of misusing the state government controlled Delhi Transport Corporation (DTC) to convert the now scrapped high-denomination currency notes into legal tender.
India and Switzerland have signed a ‘Joint Declaration’ for implementation of Automatic Exchange of Information between the two countries.
Prime Minister Narendra Modi today strongly defended the government’s decision to demonetise high-value currency notes, saying this was ‘just the beginning’ of the government’s fight against black money.
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