close
This ad will auto close in 10 seconds
France praises PM Narendra Modi's demonetisation move, says it's bold decision to combat corruption, black money

France praises PM Narendra Modi's demonetisation move, says it's bold decision to combat corruption, black money

France has heaped praises on PM Narendra Modi for his demonetisation move.

PAN card must for all bank account holders by February 28

PAN card must for all bank account holders by February 28

In yet another to fight against black money and tax evasion, the government has notified that all individuals having bank accounts will have to update their PAN or Form-60 if PAN not available by February 28, 2017.

Demonetisation: 60 lakh depositors parked Rs 7 lakh crore in banks since November 8

Demonetisation: 60 lakh depositors parked Rs 7 lakh crore in banks since November 8

Since demonetisation decision was announced by the central government on November 8, 60 lakh depositors (individuals and companies) have parked Rs 7 lakh crore in banks.

Cristiano Ronaldo declared 20 million euros in Swiss banks: Spanish newspaper

Cristiano Ronaldo declared 20 million euros in Swiss banks: Spanish newspaper

The Portuguese international earned 203.7 million euros outside of Spain and 23.5 million inside the country.

DNA: Analysis of what Indian's thiunk about tax evasion

Analysis of Indian people's mentality of tax evasion. Watch this special segment and get to know more here.

Demonetisation: Jan Dhan accounts under scanner; Rs 21,000 crore deposited so far

Demonetisation: Jan Dhan accounts under scanner; Rs 21,000 crore deposited so far

In the case of Jan Dhan account, the holder can deposit up to Rs 50,000.

HSBC should stand trial in tax fraud case, says French prosecutor

A French prosecutor has called for British banking giant HSBC to stand trial for enabling French clients to hide at least 1.67 billion euros ($1.84 billion) from the taxman, a source close to the probe said Thursday.

Income Tax dept to intensify crackdown on black money hoarders

Income Tax dept to intensify crackdown on black money hoarders

With both the one-time black money declaration windows concluded, the Income Tax department is set to intensify its crackdown against stash holders after a recent case where an IDS participant surrendered a fresh Rs 30 crore of unaccounted wealth to the taxman after raids were conducted against him.

Govt revises excise duty evasion limit to warrant arrest

The government has doubled the limit of excise duty evasion for arrest and prosecution of accused to Rs 2 crore and also asked officials not to resort to penal provision in cases of technical nature.

Nagaland Assembly ratifies GST

The Nagaland Legislative Assembly on Friday ratified the Goods and Service Tax (GST) Constitution Amendment Bill.

Sebi confirms ban on 11 entities in tax evasion case

Markets regulator Sebi on Wednesday confirmed its interim order banning 11 entities in a case related to tax evasion and money laundering through stock exchange platform.

Cabinet gives nod to revised Indo-Cyprus DTAA

Cabinet gives nod to revised Indo-Cyprus DTAA

In another major step in fight against tax evasion, the Cabinet on Wednesday gave its approval to the revised DTAA between India and Cyprus that provides for source-based taxation of capital gains on transfer of shares instead of one based on residence.

I-T dept identifies 90 lakh high-value transactions without PAN; to seek details

I-T dept identifies 90 lakh high-value transactions without PAN; to seek details

The high-value transaction trails were detected following the department's drive to bring to book maximum amount of black money during the one-time compliance window closing on September 30.

Govt may extend tax payment deadline for black money scheme

Govt may extend tax payment deadline for black money scheme

The government may extend the deadline for payment of tax on black money disclosed during the one-time compliance window and has accepted the industry request for tax being paid in instalments.

CBDT to look into high value transactions to trace tax evaders

CBDT to look into high value transactions to trace tax evaders

In order to identify tax evaders, the Income Tax department on Friday said it will use 360 degree profiling and match the database of people filing returns with those of informations about high value transactions.

Double taxpayers to 10 crore people, says PM Modi; warns against tax evaders

Double taxpayers to 10 crore people, says PM Modi; warns against tax evaders

At the conference titled 'Rajasva Gyan Sangam' (Knowledge Conference on Revenue), Modi asked the officials to "move towards digitisation" to make tax administration efficient and work towards bridging the "trust deficit".

Black money: India, Switzerland expect auto info exchange by 2018

Black money: India, Switzerland expect auto info exchange by 2018

Seeking to enhance cooperation to fight the black money menace, India and Switzerland Wednesday said a team would soon visit the Alpine nation to expedite pending information requests on Indians with Swiss bank accounts, while an automatic exchange of details would begin in 2018.

Meeting of minds with Switzerland on black money, tax evasion

Meeting of minds with Switzerland on black money, tax evasion

Washington: There has been a "meeting of mind" between India and Switzerland on the issue of black money and tax evasion, a top Indian official today, a day after it assured India of stepped up cooperation over the issue.

Black money: Switzerland promises deeper cooperation, to send top official to India

Black money: Switzerland promises deeper cooperation, to send top official to India

Prime Minister Narendra Modi, in his talks with Swiss President Johann Schneider-Amman, raised the issue of black money and tax evasion by Indians to which the latter offered to extend the level of cooperation.

Black money, tax evasion shared priority of India and Switzerland: PM Modi

Black money, tax evasion shared priority of India and Switzerland: PM Modi

Prime Minister Narendra Modi and President of Switzerland Johann Schneider-Ammann, on Monday, mutually agreed to strengthen cooperation in combating tax evasion and tackling Indian black money hidden in Swiss banks.