Govt must build trust for compliance window success: Kidwai

Last Updated: Tuesday, September 1, 2015, 16:25

The government needs to assure against any "witch-hunt" to make the compliance window under the new black money law a success and it's a "pity" that the people do not believe its credibility, HSBC's India head Naina Lal Kidwai has said.

Black money: Swiss banks ask Indians to utilise 'compliance window'

Last Updated: Sunday, August 30, 2015, 18:04

Spooked by the new black money law, a number of Swiss and other European banks have begun asking Indian clients to disclose their accounts to the tax authorities back home as they fear being accused of 'abetting' the hoarding of untaxed assets.

Govt to issue 2nd set of FAQs on black money law soon: Das

Last Updated: Friday, August 21, 2015, 18:56

In a bid to clarify issues related to the black money law the government will soon come out with second set of Frequently Asked Questions (FAQs).

CBDT to clarify on bank a/c disclosures under black money law

Last Updated: Monday, August 17, 2015, 16:07

As per the rules released by the I-T department in July, CBDT had asked persons having undisclosed foreign bank accounts to provide sum total of credits since the opening of the account.

Shine in Modi govt wearing off; black money law vengeful: Rahul Bajaj

Last Updated: Friday, August 7, 2015, 23:23

Bajaj, who has been an ardent admirer of Prime Minister Narendra Modi in the past, said the government was creating roadblocks for itself in many of its initiatives, including in terms of ease of doing business.

Black money: Names can be revealed in public interest, says govt

Last Updated: Tuesday, August 4, 2015, 22:07

Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government Tuesday said details of information provided during the one-time compliance window can be revealed in the public interest.

FinMin to hold talkathon on new black money law Tuesday

Last Updated: Monday, August 3, 2015, 22:20

Finance Ministry will hold a talkathon on the new black money law Tuesday during which Revenue Secretary Shaktikanta Das and CBDT Chairperson Anita Kapur will respond to the queries regarding the legislation.

Black money law: FinMin wants people to address queries to CBDT

Last Updated: Tuesday, July 14, 2015, 19:52

Finance Ministry Tuesday dismissed some media reports on the new black money law as "surmises" and asked people to address queries directly to the revenue department.

Tax, penalty to be levied at market price under black money law

Last Updated: Friday, July 3, 2015, 18:35

Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.

Govt notifies rules for asset valuation under black money law

Last Updated: Friday, July 3, 2015, 16:01

Government has notified the rules for calculating overseas income and assets under the stringent foreign black money law that came into force on July 1.

FinMin to soon issue FAQs on new black money law

Last Updated: Thursday, June 11, 2015, 13:50

The Finance Ministry is likely to soon issue FAQs explaining the provisions of the new black money law and also to clarify whether one-time compliance window can be availed by persons already under probe.