Govt promises total confidentiality on black money declarations

Last Updated: Thursday, September 3, 2015, 20:04

The Finance Ministry issued 32 Frequently Asked Questions (FAQs) on the compliance window on July 6, and came out with the second set today.

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.

Foreign assets of Rs 6,500 cr disclosed under compliance window: PM

Last Updated: Saturday, August 15, 2015, 10:40

Modi said several important steps including agreements with countries like the US for real time sharing of information on foreign assets have been taken.

When illness is dangerous, injection is required: PM Modi on black money

Last Updated: Saturday, August 15, 2015, 08:56

Prime Minister Narendra Modi on Saturday said that stringent provisions on black money law will not be diluted despite pressure from all counters.

'Compliance window not revenue mobilisation measure'

Last Updated: Sunday, July 5, 2015, 14:42

The one-time compliance window provided to undisclosed foreign asset holders to come clean under the black money law is not a revenue mobilisation exercise, Revenue Secretary Shaktikanta Das has said.

Compliance window last chance to come clean on black money: Govt

Last Updated: Saturday, July 4, 2015, 21:01

Terming the rules for the new black money law "simple and clear", Finance Ministry on Saturday said the ongoing compliance window will be the last chance to come clean on undisclosed foreign assets.

Black money: Compliance window not to apply if proceedings already on, says govt

Last Updated: Friday, July 3, 2015, 22:32

Indian government has received information regarding some its citizens having undisclosed foreign accounts in HSBC bank's Geneva branch and LGT Bank Liechtenstein.

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.

Black money: Compliance window in the next 2-3 weeks

Last Updated: Thursday, May 14, 2015, 17:37

Under the new law, persons having unaccounted wealth will be given an opportunity through a compliance window to come clean by declaring their assets and pay penalty and tax of 60 percent.

Compliance window in black money law is not amnesty: Govt

Last Updated: Friday, March 20, 2015, 22:19

The short window for declaring undisclosed assets under the proposed black money law will spare tax payers of prosecution but will have to pay tax and penalty as it won't be an amnesty scheme.