E-PaperBlackmoney News
India gets first tranche of Swiss bank account details under info exchange pact
India among 75 nations with which Switzerland's FTA exchanged information on bank accounts within the framework of global standards on AEOINext exchange of Swiss bank account details to take place in September 2020
4 min read7 Oct 2019Blackmoney SIT reviews cryptocurrencies; directs clampdown
NCB has informed SIT that about four cryptocurrency-fuelled drugs smuggling transactions have been unearthed in India in the last over two years
1 min read8 Apr 2018$770 billion black money entered India between 2005-2014
US-based think tank Global Financial Integrity report says $770 billion in black money entered India from 2005 to 2014.
4 May 2017HSBC discloses tax evasion probes in India, other countries
Disclosing the tax-related investigations, HSBC said it has set aside over Rs5,000 crore as a provision for various tax-and money laundering-related matters
2 min read26 Feb 2017Amid Trump rout, Black money purge spurs bond gain in India
Banks will use that money to buy bonds, according to UBS Asset Management and PNB Gilts Ltd, with the latter saying the move also opens room for more interest-rate cuts by curbing inflation.
1 min read28 Nov 2016As cash comes a cropper, confusion and chaos on the cards
The phone calls, email, smses, whatsapp have all begun to ping and ring average people calling to ask if their currency is useless now
1 min read9 Nov 2016How a Sebi crackdown led to tax declarations of over Rs5,000 crore
Stockbrokers, market operators, penny stock company promoters and such entities being investigated by Sebi declared at least Rs5,000 crore of illegal income
2 min read20 Oct 2016Income declaration scheme does not offer immunity, says Arun Jaitley
Jaitley rules out another 'compliance window' for those who did not disclose their assets under the blackmoney declaration scheme in 2015
2 min read2 Sep 2016How good is it? How bad is it?
Modi, as a Delhi outsider, has shut down access to power and its benefits
5 min read31 Aug 2016CBDT to acknowledge black money declarants by August-end
An order issued by income tax department said that in view of the changes in the IDS, it has extended the time for issuance of acknowledgement in Form-2 from 15 days to 30 days
2 min read15 Aug 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared