Category: Black Money
Frequently asked Questions on Foreign Assets of Small Taxpayers Disclosure Scheme and Rule 2026. CBDT has released a FAQs on Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS) and recently notified Foreign Assets of Small Taxpayers – Disclosure Scheme Rules, 2026 The FAQs are divided into sections namely …
Foreign Assets of Small Taxpayers- Disclosure Scheme Rules 2026 notified. Rule come into force on the 16th day of August, 2026. The Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (in short, “FAST-DS”) is a one-time voluntary compliance mechanism introduced under Chapter IV (running from Sections 130 to …
No prosecution under Black Money Act for omission to disclose assets (other than immovable property) of value up to Rs. 20 Lakhs – CBDT Instruction Central Board of Direct Taxes (CBDT) had issued an Instruction vide F. No.285/46/2021/IT (lnv.V)/645 dated 15.03.2022 clarifying that prosecution under section 49 and/or …
No prosecution under Black Money Act where details of foreign assets disclosed in revised return / return of earlier year. ABCAUS Case Law Citation:ABCAUS 3823 (2023) (12) AC Important Case Laws relied upon by parties:Sonali Auto Private Ltd. Vs. State of Bihar & Ors: 2017 SCC Online Pat …
No Prohibition in law on travelling abroad if proceedings u/s 10 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 have been initiated ABCAUS Case Law CitationABCAUS 3620 (2022) (11) AC Important Case Laws relied upon:Parvez Noordin LokhandwalaSatwant Singh Sawhney vs. D. …
Special Court designated for Meghalaya for offences under Income Tax Act u/s 280A & section 84 of the Black Money Act 2015 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(Investigation Division-V) Notification No. 88/2021 New Delhi, the 4th August, 2021 S.O. 3136(E).-In exercise of the powers conferred …
Special Court designated for Telangana for offences under Income Tax Act u/s 280A & section 84 of the Black Money Act 2015 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(Investigation Division-V) Notification No. 89/2021 New Delhi, the 4th August, 2021 S.O. 3137(E).-In exercise of the powers conferred …
Special Courts designated in Gujarat for offences under Income Tax Act and the purpose of section 84 of the Black Money Act Central Government designates Special Courts for the purposes of section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015: …
Summon under Black money act-Allowing additional documents by ACCM Court u/s 311 Cr.P.C. not amendment of complaint ABCAUS Case Law CitationABCAUS 3481 (2021) (04) AC In the instant case, revision petitions had been filed before the Sessions Court by the accused against the impugned order passed by the …
Court of Session designated as Special Court under PMLA 2002 – Amendment to area specified for trial of offence punishable u/s 4 in Bengaluru MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 22nd February, 2021 S.O. 794(E).—In exercise of the powers conferred by sub-section (1) of section …
