Page 12 - Black Money

Hyderabad, Delhi, Mumbai top list of black money declarations

CBDT refuses to give state-wise break up

Realty likely reason for Hyderabad's top slot

Had the finance ministry shared the details of the average ticket size of these disclosures, the picture would have been much clearer: Cherukuri Kutumba Rao

Black money window fetches Rs 65,250 crore

Final figures to be higher as tax department still counting

Modi government took various steps to curb tax evasion: Arun Jaitley

Jaitley announced a total of 64,275 disclosures made by the citizens, which collectively amounts to Rs 65,250 crore.

Rs 30,000 cr tax expected from IDS declarations: CBDT chief

Jaitley announced that 64,275 declarations have been made under the four-month window.

Narendra Modi appreciates those revealing undisclosed income

Arun Jaitley said 64,275 declarations were made in the four-month window and this figure could go up.

Income Declaration Scheme: Rs 65,000 cr and counting

Till 11 pm, the pan-India declarations had exceeded Rs 65,000 cr, implying a tax amount or earning of Rs 30,000 cr for the govt

Govt says info under domestic black money scheme confidential

As per the IDS facility, one can pay tax under the scheme by cash in a bank and no enquiry will be made by any bank official

Muted response to black money disclosure window

Assets worth only Rs 4,000 cr declared till mid-August; govt expects pick-up in last 2 weeks

Cong barb after PM talks black money at G20

Party takes a dig at Modi for unkept poll promise of retreiving black money with 100 days of coming to power

SIT on black money asks RBI to share info

Rising concern over gaps in monitoring of trade payments

SIT asks RBI to share data with agencies to check black money

SIT has emphasised on these aspects with the RBI in light of gaps in the regulatory framework

Declare black money by September 30 or face action, warns Narendra Modi

He said the Special Investigation Team is working on it and the Supreme Court is monitoring it

Govt mulls ban on cash deals of over Rs 3 lakh: CBDT chief

The recommendation comes from the Special Investigation Team as part of its effort to clamp down on the use of black money in the economy

I-T dept changes property valuation rule

Declarant can apply cost inflation index; dept says will accept registered valuer's figure

Black money acknowledgements by month end

Black money holders who have disclosed their ill-gotten assets during July under the ongoing compliance window will receive acknowledgement from the tax department by August 30. Since the government has extended the deadline for payment of tax and penalty under the Income Disclosure Scheme (IDS), necessary amendments have to be carried out in Form-2, which is the acknowledgement issued by the CBDT to people disclosing their wealth. The IDS Rules prescribe that the acknowledgement in Form-2 is to be issued by the Principal Commissioner/Commissioner to the declarant within 15 days from the end of the month in which the declaration has been furnished. An order issued by the Income Tax department said that in view of the changes in the IDS, it has extended the time for issuance of acknowledgement in Form-2 "from 15 days to 30 days in respect of the declarations filed under the Scheme in the month of July 2016". The government has come out with IDS, beginning June 1. Under the scheme, .

Pay taxes or govt will watch you like a big brother: FM

Govt, he said, has to trust its citizen and hence keeping a watch on their transactions was not a preferred option

SIT seeks action against 788 exporters for parking more than Rs 100 cr abroad

The SIT, headed by justice M B Shah, had earlier asked RBI for details of exports where the proceeds were not realised even after more than a year

Letters: Withdraw certain notes

With reference to Dilasha Seth's report, "Ban cash transactions of above Rs 3 lakh to curb black money: SIT" (July 16) the suggestion, though feasible, is not realistic

Letters: Too accommodating?

Apropos the report, "Ban cash transactions of above Rs 3 lakh to curb black money: SIT" the Supreme Court-appointed special investigative team's recommendation aimed at curbing black money generation is a step in the right direction