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: India presses Switzerland for info on Indian accounts

Last Updated: Friday, May 15, 2015, 20:06

This was conveyed by Finance Minister Arun Jaitley when the visiting Swiss Economic Affairs Minister Johann N Schneider-Ammann met him this evening.

Parliament passes Black Money Bill; to be applied to resident tax payers, says FM Jaitley

Last Updated: Wednesday, May 13, 2015, 19:13

The Bill will put in strong deterrent for those who do not come clean in a one-time window being provided under the law and declared unaccounted foreign wealth.

Not opposed to black money bill but scrutiny necessary: Cong

Last Updated: Monday, May 11, 2015, 22:04

Congress Monday said the party was not opposed to the black money bill but pitched for referring it to the Standing Committee when it is taken up in Rajya Sabha claiming that it was basically a criminal law bill having TADA like provisions.

LS clears Black Money Bill, limited time to be given to declare undisclosed income

Last Updated: Monday, May 11, 2015, 21:35

Before the new law comes into effect, a limited period window will be provided to people to declare their till now undisclosed income and assets, pay 30 percent tax and a similar amount as penalty and escape prosecution.

Black money bill passed in LS; does not deal with domestic illegal money, says govt

Last Updated: Monday, May 11, 2015, 19:26

In a move that will make the fight against tax evasion and money laundering cases faster and easier, the Lok Sabha on Monday passed the Black money bill.

Arun Jaitley moves Black money Bill in Lok Sabha, seeks Opp support

Last Updated: Monday, May 11, 2015, 17:38

Finance Minister Arun Jaitley Monday moved in Lok Sabha a bill which provides for penalty and tax up to 120 percent along with criminal prosecution for those who have parked black money abroad.

Govt tables Black Money Bill in Lok Sabha, promises tough punishment for tax evaders

Last Updated: Monday, May 11, 2015, 15:25

The finance minister said that it would soon become difficult for people to hide ill-gotten wealth. “The Bill doesn't deal with domestic black money,” Jaitley said.

Sebi cracks down on Rs 420-cr tax fraud, bars 178 entities

Last Updated: Friday, May 8, 2015, 21:49

In a fresh clampdown on misuse of stock market platform for suspected money laundering activity, Sebi on Friday banned Pine Animation and 177 related entities from securities market for alleged tax evasion worth Rs 420 crore.

Sebi keeping tabs on exchange misuse for tax evasion: Sinha

Last Updated: Friday, May 8, 2015, 15:48

Market regulator Securities and Exchange Board of India (Sebi) has asked bourses to take immediate action against entities involved in misuse of stock exchange system for tax evasion, Parliament was told Friday.

British tax authority faces legal challenge on stance over HSBC

Last Updated: Friday, May 1, 2015, 13:02

A campaign group has begun a legal process that could lead to Britain`s tax authority facing a judicial review over its failure to take a tougher line with people alleged to have used accounts with an HSBC unit in Switzerland to evade tax.