Andhra Pradesh Chief Minister N Chandrababu Naidu has claimed that out of the Rs 13,000 crore of black money declared in Hyderabad under a recent scheme, Rs 10,000 crore belonged to a single individual, in apparent hints towards his political rivals.Oct 13, 2016, 12:40 PM IST
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.Sep 28, 2016, 23:49 PM IST
Government on Friday ruled out any extension to the September 30 deadline for filing income disclosure under the black money compliance window.Sep 24, 2016, 00:29 AM IST
Prime Minister Narendra Modi has warned those with black money to declare it before the given deadline of September 30, adding that stern action might be taken after that.Sep 02, 2016, 15:59 PM IST
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.Jul 07, 2016, 15:24 PM IST
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.Jun 02, 2016, 13:09 PM IST
Disclosures made in the 4-month compliance window beginning June 1 for domestic black money holders to come clean will be kept secret, according to an amendment to the Finance Bill 2016 approved by the Lok Sabha.
May 06, 2016, 19:57 PM IST
Amid reports of some Indians having unaccounted wealth in tax havens, Finance Minister Arun Jaitley on Monday said those who did not take advantage of the compliance window last year to declare illegal assets abroad will find "such adventurism extremely costly".Apr 04, 2016, 12:59 PM IST
The window, announced by Finance Minister Arun Jaitley in his Budget 2016-17, will begin on June 1 and provides an opportunity to avoid prosecution with payment of 30 percent tax and 15 percent penalty.
Mar 03, 2016, 17:30 PM IST
The four-month compliance window for domestic black money holders is not an amnesty scheme, Finance Minister Arun Jaitley said Monday.Feb 29, 2016, 17:21 PM IST
Government Monday came out with one time four-month compliance window for domestic black money holders to come clean by paying tax and penalty of 45 percent.Feb 29, 2016, 16:00 PM IST
Narendra Modi government has collected a total of Rs 2,428.4 crore in taxes after over 600 declarations were made by stash holders to the Income Tax department under the one-time black money compliance window that ended last year.Jan 06, 2016, 18:17 PM IST
The government has collected Rs 16.69 crore as taxes and penalty till November 26 from those who have disclosed illegal wealth under the black money compliance window.Dec 02, 2015, 19:37 PM IST
The Income Tax department has begun the process of final assessment of those black money declarations that were made to it as part of the one-time compliance window that closed in September.Oct 22, 2015, 16:57 PM IST
The 90-day blackmoney compliance window declarations were Monday revised upwards to Rs 4,147 crore, from which tax receipts are expected to be over Rs 2400 crore, even as government warned that it will go after those who have not come clean.Oct 05, 2015, 18:57 PM IST
Only 638 declarations for a total overseas wealth totalling Rs 3,770 crore were made during the 90-day compliance window under the Black money (undisclosed foreign income and assets) and Imposition of Tax Act, 2015.Oct 02, 2015, 09:29 AM IST
A total of 638 people used the window, declaring an amount of Rs 3,770 crore.
Oct 01, 2015, 16:06 PM IST
RBI Wednesday said no action under FEMA will be taken against declarations under one-time black money compliance window, which ends today.Sep 30, 2015, 20:48 PM IST
A stream of declarants, including from far off places like Rajasthan and Karnataka, walked into the only designated office in Delhi to make declarations before the closure of the one-time black money 'compliance window'.Sep 30, 2015, 20:46 PM IST
Government has clarified that all those declaring overseas assets during the black money compliance window will not face any penalty or prosecution under FEMA and four other laws.Sep 30, 2015, 18:55 PM IST