Page 14 - Black Money

Publicise blackmoney scheme at posh markets, malls: CBDT to IT

IDS was opened by the government on June 1 and will be in force till September 30

Ensure single point contact for black money disclosures: CBDT

Four-month window under IDS 2016, opened on June 1, allows domestic black money holders to declare their ill-gotten wealth

Saurabh Mukherjea & Ritika Mankar-Mukherjee: Unintended fallout of a crackdown on black money

This is manifested in four macroeconomic trends following the passage of the Black Money Act, 2015

$505 billion outflow of black money from India 'heavily exaggerated': DRI

Global Financial Integrity, a non-profit research and advisory organisation, had in its report provided the shockingly large estimate

Meeting of minds with Switzerland on black money, tax evasion: Vikas Swarup

Prime Minister Narendra Modi, in his talks with Swiss President Schneider-Amman, raised the issue of black money and tax evasion

Switzerland backs India's bid for NSG membership

Promises to help tackle black money; Modi seeks Swiss investment in infrastructure, railways, affordable housing

Black economy shrinking, still exceeds Thailand's GDP: Ambit

Estimates black economy at Rs 30 lakh crore, about 20% of India's total GDP

Modi to take up black money issue with Swiss

PM leaves on five-nation tour on Saturday; New Delhi to seek Swiss and Mexican support for its membership to NSG

Black money: IT dept notifies declaration forms

The forms- 1, 2, 3 and 4 can be used both for e-filing or manual filing of the black money assets by a declarant under the Income Declaration Scheme

Domestic blackmoney window: IT dept notifies declaration forms

Four-month IDS opened on Wednesday and will be operational till September 30

4-month window to disclose black money from Wednesday

Disputes emanating from retrospective amendments to Income Tax Act will also come into effect

Use black money disclosure window and 'sleep well': Arun Jaitley

Scheme will apply to undisclosed income whether in form of investment in assets or otherwise, pertaining to FY 2015-16 or earlier

Domestic black money window will ensure peace of mind: IT Dept

IT department brought out its first public advertisement to create awareness about the four-month window for declaring domestic black money

Asset value math may hit black money window

Although the government has tried to balance it by extending the capital gains tax benefit when the asset is sold later

Black money declarant to pay tax on future asset sale

Black money declarants will be liable to pay capital gains tax on future asset sale, despite paying tax, penalty, cess under compliance window

Avail of tax amnesty scheme despite high levy

Govt will take away 45% of declared income but experts advise people to come clean

Switzerland plans ordinance for automatic tax info exchange

Having such an exchange mechanism with Switzerland would help India in its clampdown on illicit fund flows

'Mauritius route' ends

Decades-old tax loophole finally closed

Govt promises confidentiality for black money disclosures

The tax and penalties should be paid within two months of declaration

No immunity for IPC offences under domestic black money window

According to sources, Indian Penal Code (IPC) offences will apply if the undeclared wealth was acquired through criminal means