Black money worth Rs4,900 crore was disclosed by 21,000 people under PMGKY after demonetisation
1 min read7 Sep 2017From August, the government will begin amassing information from Instagram and Facebook posts , as it looks to match residents' spending patterns with income declarations
3 min read28 Jul 2017Nara Lokesh had in October last year declared assets worth Rs14.50 crore and a debt of Rs6.35 crore
1 min read9 Mar 2017The move will give tax evaders another opportunity to come clean but by paying higher taxes and penalties; scheme likely to end on 30 December
2 min read16 Dec 2016In an interview, Mahesh Shah claims he was dealing on behalf of some businessmen, politicians and government officials
2 min read3 Dec 2016A new Bill has been passed by the Lok Sabha to ensure that people with unaccounted wealth can be penalised with higher tax penalty and come out clean
4 min read2 Dec 2016A significant part of the black money unearthed from tax evaders will be available with the government for anti-poverty and development programmes
4 min read1 Dec 2016Hasmukh Adhia says income disclosures will enjoy immunity from wealth tax, civil and other taxation laws but not from FEMA, PMLA,Narcotics and black money law
1 min read28 Nov 2016Stockbrokers, 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 2016The Income Tax department is also expected to submit final verification of the records by next week to the Central Board of Direct Taxes (CBDT)
1 min read4 Oct 2016The 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