Black money: SIT for donations to colleges, charities through cheque

Last Updated: Friday, July 24, 2015, 22:24

The SIT on black money has suggested measures to ensure donations by cheques to prevent black money generation in education sector, religious bodies and charities, and sought prosecution of those donating and accepting unaccounted money under anti-corruption law.

Black money: Curb betting in cricket, check donations, says SIT

Last Updated: Friday, July 24, 2015, 18:50

To check the black money menace, SIT Friday called for effective norms to curb betting in cricket and a stronger set of norms for P-Notes, while also making a case for bringing donations to educational and religious bodies under tax net.

Black money: Sebi must have monitoring mechanism to study rise of stocks, says SIT

Last Updated: Friday, July 24, 2015, 16:38

Submitting its recommendations on black money in its third report, the SIT said that Sebi India must study P-note misuse for money laundering.

Toshiba accounting errors may be over $1 billion: Report

Last Updated: Saturday, July 4, 2015, 09:02

Toshiba Corp may need to mark down past earnings by over 150 billion yen ($1.22 billion), nearly triple an earlier estimate, after an ongoing investigation into past accounting practices found more irregularities, a report said on Saturday.

Standard format for reporting bank fraud cases on anvil

Last Updated: Sunday, June 28, 2015, 15:40

"Information received from the banks are highly unstructured which makes mining of data contained in the statements very difficult. They also use different narrations for debit and credit entries which are sometimes very cryptic in nature, making it difficult to decipher the nature of transactions and hence the money trail," an official said.

US opens probe against TCS, Infosys for H1-B visa violations

Last Updated: Friday, June 12, 2015, 12:22

The US government has opened an investigation against two of the biggest Indian outsourcing companies for possible violations of H1-B visa rules, according to a media report.

Take steps to unearth domestic black money: Govt to I-T dept

Last Updated: Monday, May 25, 2015, 16:13

Parliament recently passed the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015, to deal with black money stashed abroad.

Serious operation needed to combat 'black money cancer': SIT

Last Updated: Friday, May 22, 2015, 23:48

The Special Investigation Team (SIT) on black money on Friday said a "serious operation" of strictly enacting and enforcing anti-tax evasion laws is the only solution for combating and winning over the "cancerous" menace of illegal funds stashed abroad and within the country.

Black money: Dossier on 15 entities with government

Last Updated: Wednesday, May 20, 2015, 15:46

The Supreme Court constituted Special Investigation Team (SIT) on black money has received a new dossier on tax related business information on about 15 entities which have allegedly stashed illicit money abroad.

CID warn about transactions with 31 non-banking firms

Last Updated: Tuesday, May 19, 2015, 21:33

The RBI has issued cancellation orders pertaining to 31 non-banking financial companies based in Hyderabad and elsewhere in Telangana, the police warned Tuesday.

CBDT effects changes; Chairperson divests investigation charge

Last Updated: Tuesday, May 19, 2015, 19:38

The CBDT has effected an in-house change of charges with Chairperson Anita Kapur divesting the additional charge of investigations to another Member in the board.