Income Declaration News

Politics

21,000 people disclosed Rs4,900 crore black money under PMGKY: Govt official

Black money worth Rs4,900 crore was disclosed by 21,000 people under PMGKY after demonetisation

1 min read7 Sep 2017
Politics

Income tax department to track Instagram, Facebook posts for tax evasion

From 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 2017
Politics

Chandrababu Naidu’s son Lokesh declares Rs330 crore assets in affidavit

Nara Lokesh had in October last year declared assets worth Rs14.50 crore and a debt of Rs6.35 crore

1 min read9 Mar 2017
Politics

Govt to notify income disclosure scheme for taxing black money hoarders

The 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 2016
Politics

Mahesh Shah, who declared Rs13,860 crore, detained by I-T dept

In an interview, Mahesh Shah claims he was dealing on behalf of some businessmen, politicians and government officials

2 min read3 Dec 2016
Money

Tax evaders given another long rope

A 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 2016
Opinion

Heavy taxes in scheme for income declaration

A 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 2016
Politics

Tax Dept won’t ask for source of funds deposited in banks from 10 Nov: Adhia

Hasmukh 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 2016
Politics

How 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 2016
Politics

IDS: Final black money tally may go up by `10,000 crore

The 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 2016
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