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Black money compliance window: I-T dept to accept declaration without PAN

Black money compliance window: I-T dept to accept declaration without PAN

The Central Board of Direct Taxes (CBDT) has asked tax sleuths to ask such declarants to attach a separate application in the Income Declaration Scheme (IDS) form for allotment of a fresh Permanent Account Number (PAN) to them quickly.

Black money: IDS counters to be opened till 8 pm today, tomorrow

Black money: IDS counters to be opened till 8 pm today, tomorrow

With two days remaining for the black money disclosure scheme to close, the tax department has decided to keep counters for receiving physical declarations open till 8 pm today (Wednesday) and tomorrow (Thursday).

Black money disclosure scheme: IDS counters to remain open till mid-night on Sept 30

Black money disclosure scheme: IDS counters to remain open till mid-night on Sept 30

People with undisclosed assets can escape prosecution by coming clean under the Income Disclosure Scheme (IDS).

Income Declaration Scheme: I-T offices to remain open till midnight on Sept 30

Income Declaration Scheme: I-T offices to remain open till midnight on Sept 30

The taxman will undertake a midnight vigil on September 30 as CBDT has directed the Income Tax department to keep their offices country-wide open in order to receive declarations under the domestic black money window - the Income Declaration Scheme (IDS).

I-T asks declarants to hurry as blackmoney window nears end

I-T asks declarants to hurry as blackmoney window nears end

The Income Tax department on Saturday said those holding potential black money should hurry up and declare their stash funds under the one-time domestic compliance window as only 20 days are left for the Income Declaration Scheme (IDS) to close.

Reveal source of your Rs 3 crore seized in Ghaziabad: AAP to BJP

The Aam Aadmi Party on Friday demanded the BJP reveal the source of "Rs 3 crore" seized from a car in Ghaziabad allegedly being taken to its Lucknow office from Delhi headquarters, suggesting that it was "black money".

Black money: Banks can accept tax dues in cash under IDS, says RBI

Black money: Banks can accept tax dues in cash under IDS, says RBI

Under the Income Declaration Scheme 2016, which came into effect on June 1, one can come clean by paying tax, penalty and cess totalling 45 percent of the undisclosed income.

PM Modi should apologise for false promises on black money: Congress

The Congress on Monday asked Prime Minister Narendra Modi to apologise "eight times" to people for his false promises over black money.

SIT asks RBI to share black money data with govt agencies

SIT asks RBI to share black money data with govt agencies

The Special Investigation Team on black money has asked Reserve Bank to develop an institutional mechanism to share data with enforcement agencies to track illicit fund flows out of the country.

G20 Summit: PM Modi says fighting corruption, black money, tax evasion key to effective financial governance

G20 Summit: PM Modi says fighting corruption, black money, tax evasion key to effective financial governance

Underlining that fighting corruption and black money is key to effective financial governance, PM Modi asked G20 leaders to act to eliminate safe havens for economic offenders.

Govt gives declarants option to come up with undisclosed income through e-filing

Govt gives declarants option to come up with undisclosed income through e-filing

With just four weeks remaining for the black-money disclosure scheme to close, the government has given declarants an option to declare their undisclosed income through electronic filing rather than physical presentation of documents.

Black money: 300% rise in raids, seizures

Black money: 300% rise in raids, seizures

The Income Tax department has seized an all-time high value of cash and jewellery, while Rs 3,360 crore unpaid taxes have been surrendered this year as part of its enhanced crackdown against black money holders in the country.

Banning cash transactions over Rs 3 lakh under consideration: CBDT

Banning cash transactions over Rs 3 lakh under consideration: CBDT

Government is examining SIT's recommendation of banning cash transactions of over Rs 3 lakh in a bid to clamp down on black money in the economy, CBDT Chairperson Rani Singh Nair said Tuesday.

SIT's recommendation of banning cash transactions above Rs 3 lakh under consideration: CBDT

SIT's recommendation of banning cash transactions above Rs 3 lakh under consideration: CBDT

The Central Board of Direct Taxes (CBDT) on Tuesday said that the SIT's recommendation of banning cash transactions of Rs 3 lakh and above is under consideration.

Black money: Govt to ban cash transactions of above Rs 3 lakh

Black money: Govt to ban cash transactions of above Rs 3 lakh

The government is likely to ban cash transactions over Rs 3 lakh following recommendations from the Supreme Court-appointed Special Investigation Team.

 Blackmoney disclosure:I-T dept not to question valuer's report

Blackmoney disclosure:I-T dept not to question valuer's report

The valuation report from a registered valuer will not be questioned by the income tax department for disclosures made under the domestic black money compliance scheme, the CBDT clarified on Thursday.

CBDT to acknowledge black money declarants by August-end

CBDT to acknowledge black money declarants by August-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.