Category: Black Money
Unearthing of Black Money-Prosecution, search, survey initiated by ITD under the relevant provisions of the Income Tax Act, 1961, during the last three FYs Minister of State for Finance, today, in written reply to a question in Rajya Sabha has given figures of proceedings initiated by the Income-tax Department against black …
Assumption that all deposits in Swiss Banks are black money is history. Ex Finance Minister defends Modi Government on the news of 50 % increase in Indian deposits in Swiss banks. Interestingly, the black money abroad was one of the election agenda of the BJP and bringing back …
Exclusive Jurisdiction of one CIT-A overs cases assessed under the Black Money Act 2015. Nineteen such stations notified by CBDT The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BM Act) has been enacted to deal with the problem of Black money in …
Agreement with other Countries on Money Laundering Information. Indian Government has entered into agreements with over 130 countries including tax havens The Government of India has entered into Double Taxation Avoidance Agreements (DTAAs), Tax Information Exchange Agreements (TIEAs) and Multilateral Convention on Mutual Administrative Assistance in Tax Matters …
Operation Clean Money-details of work carried out in the campaign Press Information Bureau Government of India Ministry of Finance 29-December-2017 17:39 IST Operation Clean Money As a part of post-demonetisation exercise, Income Tax Department had to analyse cash deposit data and seek information to identify possible cases of …
Measures taken by Government to Control and Curb Parallel Economy and black money Press Information Bureau Government of India Ministry of Finance 19-December-2017 17:16 IST Measures taken by Government to Control and Curb Parallel Economy and Unaccounted Transactions The Government has taken several measures to effectively control and …
Recovery of undisclosed income post demonitization Press Information Bureau Government of India Ministry of Finance 01-August-2017 17:47 IST Recovery of undisclosed income post demonitization With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive …
Prime Ministers 10 Questions-My humble replies-suggestions to on decision taken regarding banning currency notes of Rs. 500 and Rs. 1000 I appreciate the move by our Prime Minister in inviting their views on the subject. There can not be two opinion that black money must be put to …
India-Switzerland Declaration for Exchange of Information from September 2019 onwards of accounts held by Indian residents for 2018 and subsequent years Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 22nd November, 2016 PRESS RELEASE Sub: Signing of ‘Joint Declaration’ by …
Action on Black Money stashed abroad.The Government has taken several steps to effectively tackle issue of black money, particularly money in abroad Ministry of Finance 18-November, 2016 Action on Black Money There is no official estimation of the amount of black money within the country and stashed …
