Page 4 - Black Money

The NDA govt's war against black money a mixed bag in terms of results

Cash hasn't vanished but overall, the exchequer is richer

Pak govt believes $11 billion stashed abroad by Pakistanis: Report

The information about the offshore bank accounts of Pakistani nationals was shared with the government by the Organisation for Economic Cooperation and Development

Chandamama magazine owners in dock for alleged black money in Swiss bank

Mumbai-based Geodesic Ltd, which acquired the iconic magazine in 2007, and its three directors are being probed by the Indian authorities for alleged money laundering and other financial irregularitie

Parliamentary panel asks govt to make reports on black money public

While the government claims that the reports had already been sent to the Standing Committee, some of its members disagree

Madras HC rejects PIL seeking direction to FinMin bring back black money

A division bench of Justice S Manikumar and Justice Subramonium Prasad dismissed the PIL

Can't disclose black money reports as Par Panel examining them: FinMin

It denied to share the copies of these reports, saying the disclosure would cause breach of privilege of Parliament

Rs 6,000-cr undisclosed assets detected under foreign black money law: Govt

An amount of over Rs 2,470 crore has been collected by way of tax and penalty in such cases

Switzerland agrees to share details of 2 Indian firms facing probes

While Switzerland has always denied being a safe haven for black money, it has traditionally been known for its strong banking secrecy laws

TRS MP's firm admits to having Rs 600 mn in black money after I-T raids

The firm, Ms Raghava Constructions, is promoted by Telangana Rashtra Samithi parliamentarian P Srinivasa Reddy

Thousands under I-T scanner in major drive against illegal foreign assets

A number of these cases involve high-profile and prominent people; several high-net-worth individuals are under the scanner

I-T dept plans to tap ITR data to track black money, nab tax evaders

Taxmen have been tracking those who made large deposits in banks during the demonetisation period, those whose names appeared in the Panama Papers and in other similar leaks

Swiss officials likely to send HSBC account data in 10 days: Piyush Goyal

On the HSBC list, the minister said that undisclosed income of Rs 84.48 bn was detected with a tax demand of 54.47 bn

Not just Switzerland, Indians hiding less money in other tax havens too

Almost $3 billion has come back to India in Swiss Francs over the past few years and non-bank deposits of Indians in other tax havens have dipped

Sharing black money report breaches privilege of Parliament: Fin Min

The ministry said these reports were submitted to the Standing Committee on Finance on July 21 last year and the committee is now seized of the matter

Black money chase: Delhi businessmen now hide cash, gold in private vaults

So far, the Income Tax department has seized over Rs 800 million from a private vault in Delhi

Black money: India-Swiss deal to allow tax-related data sharing from Jan 1

Switzerland used to be known for very strong secrecy walls till a few years ago around its banking practices

Black money: India-Swiss deal inked, data sharing from Jan 1

Switzerland used to be known for very strong secrecy walls till a few years ago around its banking practices

Alternative to note ban to tackle black money

In countries where there is GST for long, taxpayers have evolved methods for creating shell companies to evade tax

UPA-era reports on black money being examined: Govt in RTI reply

There is at present no official assessment on the quantum of black money in India and abroad

Fight against black money: When the empire strikes back

Author spoke to experts to decode the legal implications for debarred companies and their directors