Black money: SIT to discuss new names; review old ones today

Last Updated: Monday, February 9, 2015, 11:59

The Special Investigation Team (SIT) on black money will hold a meeting today to discuss status of cases of Indians found to have been holding illegal accounts abroad and disclosures made by an international private investigation.

Black money: Govt to disclose 60 names

Last Updated: Monday, February 9, 2015, 01:46

The government is expected to disclose the names of close to 60 Indians and entities as it has recently initiated tax evasion prosecution proceedings against them as part of its crackdown on black money accounts as reported in the HSBC bank's Geneva branch list.

Govt mulling to broaden ambit of Predicate Offences: SIT to SC

Last Updated: Friday, January 23, 2015, 19:34

Government is mulling to broaden the definition of "Predicate Offences" on the lines of nations like Australia, Cananda and the US to bring the offence of tax evasion under its ambit, the Supreme Court has been informed.

Black money: SIT recommends jail term for tax evaders

Last Updated: Wednesday, January 21, 2015, 11:27

The SIT on black money has recommended that tax evaders should henceforth be prosecuted as against the practice of letting them off in lieu of penalty.

SIT on black money suggests a cap of Rs 15 L with individuals

Last Updated: Tuesday, January 20, 2015, 22:31

The Special Investigating Team (SIT) on black money has suggested to the Supreme Court that a ceiling of Rs 15 lakh be imposed on the maximum cash currency that an individual/entity is allowed to possess at a particular point of time to curb the menace.

Black money: CBDT issues directive to finish probe by March 31

Last Updated: Tuesday, January 13, 2015, 16:49

Investigations against black money holders in Swiss bank accounts have been put on a fast-track as the CBDT has asked tax sleuths to gather all evidences and render final action by March-end.

Par panel for coordination of probe agencies under FinMin

Last Updated: Tuesday, December 16, 2014, 22:57

Active coordination among various agencies like RBI, SFIO, CBI and ED should be facilitated under Finance Ministry to deal with the menace of black money, a parliamentary panel said Tuesday.

Make tax evasion serious crime for black money info: SIT chief

Last Updated: Sunday, December 14, 2014, 14:51

While adding more teeth to India's pursuit of black money kept abroad, this would also check generation of unaccounted wealth within the country, the SIT Chairman M B Shah said.

Change laws, put cash curbs to check black money menace: SIT

Last Updated: Friday, December 12, 2014, 20:20

The SIT said that making tax evasion of Rs 50 lakh or more a 'predicate offence' would allow necessary action under the Prevention of Money Laundering Act (PMLA).

SIT traces Rs 4,479 cr in Swiss banks; Rs 14,958 cr in India

Last Updated: Friday, December 12, 2014, 19:11

In first major disclosure about money held in Swiss banks, government on Friday said Rs 4,479 crore is held in the accounts owned by Indians, who figured on the HSBC List, and the Income Tax Department has initiated action against 79 of such account holders.

Bail in Muzaffarnagar riots cases challenged in HC

Last Updated: Sunday, February 2, 2014, 16:05

SIT probing Muzaffarnagar riots filed affidavits in Allahabad High Court in support of petitions by district authorities seeking cancellation of bail granted to accused in violence by lower court.