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untaxed money

I-T dept launches 'Operation Clean Money'-II; to probe 60,000 people

As part of the first phase of the 'Operation Clean Money', launched on January 31 this year.

Apr 14, 2017, 11:48 AM IST

India steps up black money hunt; seeks Swiss details of over 10 persons

Stepping up its hunt for black money stashed abroad, India has approached Switzerland for banking details of at least ten persons and entities suspected to have kept untaxed money in Swiss banks.

Apr 02, 2017, 15:47 PM IST

Attention black money holders! Deadline for income disclosure scheme ends today

Offering the last chance to black money holders, the Centre, has unveiled a new scheme under which those with undisclosed income and assets located in India can come clean by paying a tax of around 50 percent.

Mar 31, 2017, 10:23 AM IST

'Countdown' has begun, I-T dept warns blackmoney holders ahead of March 31 deadline

The Income Tax department today warned black money holders that it has "information" about their illegal deposits and they should avail the soon-to-end PMGKY window to come clean.

Mar 24, 2017, 14:00 PM IST

Black money: Govt may shut down 7 lakh shell companies

Shell companies are characterised by nominal paid-up capital, high reserves and surplus on account of receipt of high share premium.

Feb 28, 2017, 12:25 PM IST

Demonetisation of notes: Gujarat BJP hails PM Narendra Modi's decision to scrap Rs 1000, 500 notes

The Gujarat unit of BJP on Sunday hailed the Centre's decision to demonetise Rs 1,000 and Rs 500 notes saying it is a courageous move to weed out black money.

Nov 09, 2016, 18:12 PM IST

Govt says info under domestic black money scheme confidential

Government on Thursday said information about those who declare their black money under the compliance window, ending September 30, will be kept confidential.

Sep 15, 2016, 14:17 PM IST

SC refuses to entertain plea raising issue of black money

The Supreme Court on Wednesday refused to entertain a plea seeking investigation into alleged conversion of black money into white by certain companies.

Apr 13, 2016, 20:57 PM IST

$181 billion Indian black money stashed in tax havens: Report

A new report on Indians stashing their black money in tax haven and assets abroad illegally is startling.

Mar 21, 2016, 09:29 AM IST

Black Money: Over Rs 16,000 cr undisclosed income detected in 20 months

To deal with illegal wealth stashed abroad, the government legislated the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

Dec 23, 2015, 12:09 PM IST

Govt taking steps on whistleblowers' info on black money: Sinha

Sinha also said 669 prosecutions related to evasion of taxes were launched in 2014-15, up from 641 a year ago.

Dec 08, 2015, 16:14 PM IST

SIT submits 4th progress report on black money; SC to hear case in January

The Special Investigation Team (SIT) on black money submitted the fourth report on the progress of its probe on Tuesday.

Oct 27, 2015, 13:16 PM IST

Top 20 Shares: New Names coming up in Black Money Scam

Zee Business, India's first 24-hour Hindi business channel, was conceived to offer 'information' and 'insight' and bring business and economy coverage to you in your own language.

Oct 16, 2015, 13:50 PM IST

Black money: Now, rich Godmen under SIT scanner

The SIT on black money will closely monitor the source of wealth and its utilization by the Indian Godmen.

Aug 27, 2015, 11:26 AM IST

Govt opens compliance window for black money disclosure

Government on Wednesday gave three months time till September 30 for people to declare their undisclosed foreign income and assets to escape prosecution under the new black money law, while tax and penalty on such funds can be paid till December 31.

Jul 01, 2015, 20:46 PM IST

Black money menace: Swiss banks tighten customer due diligence

Facing possible criminal action by India and some other nations over suspected black money, Swiss banks today decided to tighten their due diligence procedures to keep away illicit assets and made it mandatory to identify the beneficial owner of funds parked with them.

Jun 30, 2015, 21:13 PM IST

Not enough being done to bring black money back: Swamy

Senior BJP leader Subramanian Swamy today said he had written to the Prime Minister Narendra Modi suggesting ways to bring the black money back, and the present measures were not enough.

May 31, 2015, 00:16 AM IST

Centre pursuing black money cases vigorously: Sinha

Centre on Tuesday said it is pursuing cases against people having black money stashed abroad "quite vigorously" and has lot of data about Indians having foreign bank accounts in violation of country's laws.

May 26, 2015, 18:28 PM IST

Switzerland commits to cooperate in India's black money fight

Under the new law, those found to be stashing illicit funds in foreign locations, including Swiss banks, would face strict penal action.

May 15, 2015, 17:05 PM IST

Cabinet okays benami transactions bill to curb black money

To check the generation of black money in the country, the Cabinet on Wednesday approved the new Benami Transaction (Prohibition) Bill which provides for stringent measures against violators.

May 13, 2015, 12:54 PM IST