Black Money

Big action by Modi government! Income Tax Dept raids share brokers, traders in Mumbai, Delhi, Noida, Hyderabad and other locations - This is the reason

Sun, Dec 08, 2019

Modi Government Income Tax Raids: It's a major crackdown by Modi government on corrupt practices being undertaken by some share brokers and traders. 

More >

Zero tolerance against corruption! Modi government strikes again - Big axe falls on black sheep high-ranking Income Tax officers

Wed, Nov 27, 2019

PM Narendra Modi and his BJP-led NDA government have always emphasised that crackdown against black money is one of the prime focus points. 

More >

Zero tolerance! After demonetisation and surgical strike, Modi govt is gearing up for this huge action - Must know for Indians

Sat, Nov 16, 2019

Big action coming soon!

More >

Money in Swiss banks: India slips to 88th place; UK on top

Sun, Jul 02, 2017

India has slipped to 88th place in terms of money parked by its citizens with Swiss banks, while the UK remains on the top.

More >

Tough action against those helping hide black money: PM Modi

Sun, Jul 02, 2017

More >

Demonetisation Impact: Housing credit growth falls to 16% in FY17, says Icra

Wed, Jun 21, 2017

The overall housing credit growth in India declined by 16% to Rs 14,400,00 crore in FY17 as compared to Rs 12,400,00 crore in FY16 on account of demonetisation in the second half of the last year, which resulted in decline in number of new project launches with investors deferring their purchase decisions.

More >

Black money: Switzerland ratifies auto info sharing with India

Fri, Jun 16, 2017

Adopting the dispatch on introduction of the AEOI, a global convention for automatic information exchange on tax matters, the Swiss Federal Council said the implementation is planned for 2018 and the first set of data should be exchanged in 2019.

More >

SEBI mulls ways to check fraudulent tax benefits via stocks

Sun, Jun 11, 2017

Regulator Sebi is mulling tightening its investigation and enforcement mechanism to check misuse of stock market platform for generating "bogus" long-term capital gains to launder black money.

More >

Income Tax, Aadhaar and PAN: How to link, correct name mismatch issues

Sat, Jun 10, 2017

Supreme Court on Friday upheld a law that will make the usage of Aadhaar mandatory while filing for IT returns for those who have it and its linkage to the PAN card. We tell you how you can link the two.

More >

Despite demonetisation, Bengaluru, New Delhi & Mumbai record healthy growth in office rental in Q1: Knight Frank

Tue, Jun 06, 2017

Highlights:  1. CBD area of Bengaluru registered 4.7% growth in the office rental space in Q1 of 2017 2. Connaught Place area of New Delhi recorded 4.3% growth in office rental in Q1

More >

100% penalty if Rs 2 lakh or more transacted in cash, warns IT Department

Fri, Jun 02, 2017

 Income Tax Department, in an advertisement, has warned people for not transacting in cash for Rs 2 lakh or more.   

More >

Govt active over selling Air India's property;SEBI wants $1000 fees on p-notes to curb black money

Tue, May 30, 2017

This segment of News Tonight Superfast brings to you important updates about the happenings of the day.

More >

Income Tax Department identifies over 400 benami transactions so far

Wed, May 24, 2017

The Income Tax Department (I-T) has announced on Wednesday of identifying over 400 benami transactions which include deposits in bank accounts, plots of land, flat and jewellery.

More >

3 years of Modi Government: Citizens give thumbs up

Wed, May 17, 2017

Modi, along with his government, went ahead and boldly introduced agenda's like Make In India, Housing for All, Swachh Bharat Abhiyan, Jan-Dhan Yojana and many others. 

More >

IT raids 22 locations linked to Lalu's "benami'' land deals

Tue, May 16, 2017

Besides the Rashtriya Janata Dal supremo, the IT raids were also carried out on the premises of party MP P.C. Gupta`s residence as well as several businessmen and real estate agents in Delhi and Haryana`s Gurugram and Rewari.

More >

Digitisation will curb shadow economy, says Union minister Arjun Ram Meghwal

Sun, May 14, 2017

Union minister Arjun Ram Meghwal on Sunday said the government's digital initiative is crucial to curb the shadow economy which involves illicit economic activities like black market transactions and undeclared income. 

More >

Sharing details of paper import for Rs 500, Rs 2,000 notes to affect India's sovereignty, says RBI's bank note printing firm BRBNMPL

Sun, May 14, 2017

Replying to an RTI query, RBI owned bank note printing company BRBNMPL has declined to share any details related to import of paper for printing of the high- denomination notes citing reason that it would affect India's sovereignty and may lead to incitement of an offence

More >

Post-demonetisation demand for second homes market likely to fall in 2017: Experts

Tue, May 09, 2017

Post demonetisation, the demand for second homes market in India is likely to fall in 2017 and following two years on account of reforms introduced by the government. 

More >

CBI unearths 393 shell companies used to divert Rs 2,900 crore

Sun, May 07, 2017

According to sources, CBI has uncovered 393 shell companies which were used to divert loan funds meant for specified purposes, creating fake invoices, and "round-tripping" of funds to evade taxes and generate black money.

More >

$770 billion black money entered India in 2005-2014: Report

Wed, May 03, 2017

Titled 'Illicit Financial Flows to and from Developing Countries: 2005-2014', the report is the first global study to place equal emphasis on illicit outflows and inflows.

More >

10 days left to deposit under Pradhan Mantri Garib Kalyan Deposit Scheme; Follow these 3 steps

Thu, Apr 20, 2017

Launched on December 6, 2017, the PMGKDS was applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana - the scheme closed on March 31. 

More >

Withdrawal trend reverses in Jan Dhan accounts; deposits up Rs 1000 crore

Sun, Apr 16, 2017

PMJDY was launched in August 2014 to increase banking penetration and promote financial inclusion in the country.

More >

IT dept launches 'Op Clean Money'-II; to probe 60,000 people

Fri, Apr 14, 2017

The Income Tax department will investigate over 60,000 individuals under the second phase of the 'Operation Clean Money' which was launched today with an aim to detect black money generation post demonetisation.

More >