Thu, Feb 16, 2017
Nearly half of the 18 lakh people under the I-T scanner for suspicious bank deposits post cash ban have been put in the 'doubtful' category, but action against them will follow only after the new tax amnesty scheme ends on March 31.
More >
Fri, Jan 20, 2017
As per the scheme, the deposit sum shall not be less than 25% of the declared undisclosed income.
Wed, Jan 18, 2017
Drawing a line for disclosure under the new tax evasion amnesty scheme, the government on Wednesday said only unaccounted domestic cash holding can be declared through it and not jewellery, stocks, immovable property or overseas accounts.
Fri, Dec 30, 2016
From voluntary disclosures to forced restrictions, this year saw many initiatives by the government as they tried to curtail black money usage in India.
As many as 60 lakh individuals and firms have made large deposits totalling an astonishing Rs 7 lakh crore in old notes, top government officials said today while warning that every penny of tax will be extracted as the black money does not become white by merely putting it in banks.
Mon, Dec 19, 2016
Till now, the Government had allowed citizens to allow as much in their bank accounts.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
