Rs 43,000 crore undisclosed income unearthed in 2 years, says govt

Rs 43,000 crore undisclosed income unearthed in 2 years, says govt

The Income Tax Department has unearthed undisclosed income of Rs 43,000 crore in the last two fiscals, Union Revenue Secretary Hasmukh Adhia said on Friday.

Black money decreasing? Indian money in Swiss banks dips 33% to Rs 8,392 crore

Black money decreasing? Indian money in Swiss banks dips 33% to Rs 8,392 crore

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland's banking system.

Indian money in Swiss banks drops by one-third to Rs 8,392 crore

Indian money in Swiss banks drops by one-third to Rs 8,392 crore

Money held by Indians in Swiss banks fell by one-third to record low of Rs 8,392 crore amid an enhanced clampdown against the famed secrecy wall of Switzerland's banking system by Indian and other governments.

Black money window: FM Jaitley to meet industry chambers, CAs today

Black money window: FM Jaitley to meet industry chambers, CAs today

Finance Minister Arun Jaitley will meet industry associations on Tuesday to clear doubts about the four-month window provided to holders of undeclared wealth to come clean.

Black money window: CBDT issues fresh FAQs; PAN mandatory

Black money window: CBDT issues fresh FAQs; PAN mandatory

CBDT on Monday issued a set of fresh FAQs to clarify doubts about the processes of the one-time black money window as it stated that furnishing PAN number will be mandatory for the declarant while cases of non-filing of ITRs will be eligible to apply but with certain conditions.

Govt pursuing black money very aggressively: Jayant Sinha

Govt pursuing black money very aggressively: Jayant Sinha

Minister of State for Finance Jayant Sinha today said more "sources of black money" will come to light as India is pursuing such cases very aggressively in many areas including the Panama papers.

Modi's stern warning to tax evaders: Comply by Sept 30 or get ready to face harsh measures

Modi's stern warning to tax evaders: Comply by Sept 30 or get ready to face harsh measures

Sternly warning the tax offenders in the radio programme man ki bat on Sunday, Prime Minister Narendra Modi said that government will crack down on black money offenders who fail to come clean during the June- September compliance window which ends on September 30.

Ensure single point contact for black money disclosures: CBDT

Ensure single point contact for black money disclosures: CBDT

To ensure confidentiality, the Income Tax Department has mandated only senior officers to be a single point of contact for those making disclosures under the one-time window provided to black money holders to come clean.

'Difficult to avoid black money disclosure under new scheme'

'Difficult to avoid black money disclosure under new scheme'

The chief of SIT on black money feels it will be "difficult" for those holding untaxed assets to avoid disclosure under the ongoing one-time compliance window opened by the government after the limited success of a similar scheme launched last year for those with tainted money overseas.

Subramanian Swamy says Income Tax can be abolished in 1 week (or within 3 years) – find out how

Subramanian Swamy says Income Tax can be abolished in 1 week (or within 3 years) – find out how

Swamy has also called for bringing back black money stashed in tax havens abroad and nationalising those funds.

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.

Dissatisfied with Modi govt on black money issue, says Baba Ramdev

Dissatisfied with Modi govt on black money issue, says Baba Ramdev

"Because of lack of effective steps (by the government) on the black money issue, I and people in the country are dissatisfied," Ramdev said.

Switzerland to ease tax info exchange norms on stolen data

Switzerland to ease tax info exchange norms on stolen data

Switzerland on Friday said it will relax norms for providing information to foreign nations seeking banking details about their citizens on the basis of 'stolen data', a move that would benefit India in its fight against the black money menace.

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.

Majority Indians support PM Modi's foreign policy, 'Clean India' not rated highly: Survey

Majority Indians support PM Modi's foreign policy, 'Clean India' not rated highly: Survey

Modi government's much-publicised flagship programmes such as 'Clean India' and 'Digital India' were not very highly rated by a majority of Indians surveyed in an online poll.

Switzerland supports India's NSG membership bid; PM Modi, Swiss President issue joint statement in Geneva

Switzerland supports India's NSG membership bid; PM Modi, Swiss President issue joint statement in Geneva

Prime Minister Narendra Modi issued a joint press statement with Switzerland President Johann Schneider-Ammann.

PM reaches Switzerland; likely to raise issue of black money

PM reaches Switzerland; likely to raise issue of black money

The Prime Minister is likely to raise the issue of black money stashed by Indians in Swiss banks.

Modi in Geneva: PM meets President of Swiss Federation Johann Schneider-Ammann; black money on agenda

Modi in Geneva: PM meets President of Swiss Federation Johann Schneider-Ammann; black money on agenda

Prime Minister Modi is likely to raise the issue of black money stashed by Indians in Swiss banks.

Domestic black money window: IT dept notifies declaration forms

Domestic black money window: IT dept notifies declaration forms

The Income Tax department on Thursday notified four new forms for those who wish to declare their untaxed funds and properties under the one-time domestic black money compliance window that opened this month.