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Sizable dip in Indian black money parked abroad: FM Jaitley

Sizable dip in Indian black money parked abroad: FM Jaitley

Finance Minister Arun Jaitley today said the Narendra Modi government's "activism" against black money in the last two years has resulted into a "sizable dip" in illegal assets stashed abroad by Indians.

Sebi widens black money probe; offshore arbitrage under lens

Sebi widens black money probe; offshore arbitrage under lens

Widening its probe into suspected tax evasion and laundering of black money through stock markets, regulator Sebi is looking into illicit 'arbitrage' through derivatives trading from offshore locations.

Black money: Compliance window to be short and out soon

They added the window could be kept "as short as possible" as a 'trend analysis' of the subject has shown that the target audience for this special exercise would not be a very large base.

I-T dept plans stringent action against habitual evaders

This follows a strategy evolved at a recently-concluded national conference of I-T brass here where it was decided to go after the evaders with full vigour.

Strong action against big tax evaders acts as deterrent: CBDT

The CBDT Monday dismissed reports that it has asked its officers to go beyond raids and searches to target tax evaders and maintained that stringent action in big cases of evasion would go a long way to demonstrate to compliant taxpayers that laws are just and fair.

Instill fear of jail and social censure in tax evaders: CBDT

Taxman should instill the fear of "incarceration, loss of liberty and social opprobrium" in tax evaders and prosecute them in large numbers to create a credible deterrence against the menace of black money, the CBDT says.

I-T dept publishes list of big tax defaulters in newspapers

As part of its strategy of 'naming and shaming' big defaulters, the Income Tax department on Sunday published names of 31 tax evaders who owe over Rs 1,500 crore tax to the government.

Vatican signs deal with Italy in bid to tackle tax evaders

The Vatican said Wednesday it had signed an agreement to share financial information with Italy in a bid to stamp out tax evasion within the once-secretive city state.

UK unveils new measures to combat tax evasion

Corporations linked to offshore tax evasion by investors in Britain will face criminal sanctions under government plans unveiled Thursday, a month after an international scandal over tax-dodging in Switzerland.

Watch: Fast N Facts @4pm

Watch: Fast N Facts @4pm on Zee News.

Jaitley against burdening salaried, middle class; may raise tax exemption limit

Finance Minister Arun Jaitley on Saturday said that he does not favour burdening the salaried and middle-class with more taxes but would go after the evaders in widening the net.

No amnesty for tax evaders; govt vows re-look at GAAR

The government Wednesday ruled out any tax amnesty scheme to unearth black money saying it goes against honest taxpayers even as it sought to send out a positive signal to investors by promising a re-look at the controversial GAAR shortly.

I-T dept to set up new data centre to check tax evasion

To fasten the process of identifying tax evaders, the Income Tax department has decided to set up a major data centre of such classified information on the lines of the existing two such centres on e-filing and TDS information.

VCES a rare opportunity, make fresh start, says Chidambaram

Calling Service Tax Voluntary Compliance Encouragement Scheme (VCES) a rare opportunity to make a "fresh start", Finance Minister P Chidambaram on Wednesday asked those in trade and industry to seize the offer, even as he made it clear that tax evaders would eventually be "reached".

Launch special drive to identify tax evaders: Parl Panel

A Parliamentary panel has asked the government to launch a special drive to identify tax evaders and tap new areas to increase indirect tax collections.

UPA not revealing names of tax evaders: Advani

BJP leader LK Advani accused the Congress of not revealing names of people
whose black money are stashed abroad.

Govt to launch special drive to unearth unaccounted money

Faced with resource crunch, the government on Wednesday directed the I-T Department to launch a special two-month long drive from Friday to scrutinise high-value transactions to unearth unaccounted income.

Modi calls tax evaders "Thief company"

Gujarat CM
Narendra Modi called tax evaders as "thief company" and
dared the ruling Congress to bring back black money stashed

Pakistan a haven for those who don`t pay taxes: Daily

The daily notes a decline in the number of people filing income tax returns.

CPI against immunity scheme for tax evaders

The Communist Party of India on Saturday
opposed the government`s reported plan to announce an immunity
scheme for tax evaders who have stashed away black money by
charging them up to 45 per cent tax.