19 August 2019

Search Results for Tag : Black Money

Notifications & Circulars

Additional or Joint Commissioners of IT to performs functions of Assessing Officers under Black Money Tax Act, 2015(24.08.2015)

The Central Board of Direct Taxes notified that Additional or Joint Commissioners of Income-tax will exercise the powers and perform the functions of .....

Tags : Black money, tax, assessing officer


Clarifications on Tax Compliance for Undisclosed Foreign Income and Assets(03.09.2015)

The Central Board of Direct Taxes released clarifications on various provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposit.....

Tags : Black money, clarifications, residency, foreign employment


Rules regarding quoting of PAN for specified transactions amended(15.12.2015)

To bring a balance between burden of compliance on legitimate transactions and the need to capture information relating to transactions of higher valu.....

Tags : Permanent account number, black money, transactions


644 declarations made during Black Money compliance window(06.01.2016)

Totaling about Rs 4,164 crores, 644 declarations were received during the compliance window provided under the Black Money (Undisclosed Foreign Income.....

Tags : Black money, compliance, declarations


Application to regularize assets held abroad to be sent to RBI(10.02.2016)

The Reserve Bank of India notified consideration of applications at its Central Office in Mumbai seeking regularisation of assets held abroad by a per.....

Tags : Rbi, foreign asset, black money, regularisation


Income Declaration Scheme 2016 to open 1 June 2016(14.05.2016)

The Income Declaration Scheme 2016 incentivising declaration of black money will commence 1 June 2016.

Monies declared under the scheme wi.....

Tags : black money, income tax, window


Declaration of Black Money by Tax Payers(07.02.2017)

There is no official estimation of percentage of black money held in India in cash. In the last financial year (2015-16) 648 disclosures involving und.....

Tags : Black money, Declaration, Tax payers


Clarifications on Income Declaration Scheme, 2016(27.06.2016)

The Central Board of Direct Taxes issued further clarifications to the recently announced Income Tax Declaration Scheme, 2016.


Tags : income tax, black money, declaration, clarifications



Government Extends Payment Date for Black Money Compliance Scheme(15.07.2016)

Government has allowed payment of tax and penalty in installments over an extended period for the black money disclosed under One-Time Compliance Sche.....

Tags : Government , One-Time Compliance Scheme, black money


CIC to PMO: Respond to RTI Query on Modi's Black Money Promise(02.09.2016)

Central Information Commission (CIC) has asked Prime Minister's Office (PMO) to reply to RTI applicant, who wishes to know status of black money that .....

Tags : Central Information Commission, PMO, Black Money


RBI: Banks Can Accept Tax Dues in Cash under Income Declaration Scheme(09.09.2016)

Reserve bank of India (RBI) has directed banks to accept tax dues in cash under the domestic black money declaration scheme which closes on September .....

Tags : RBI, domestic black money declaration scheme


Government Demonetises Rs. 500 & Rs. 1000 Currency Notes, ATMs Shut for 2 Days, Banks Closed Today(09.11.2016)

Taking Nation by surprise, Prime Minister Narendra Modi has announced demonetisation of Rs. 1000 and Rs. 500 notes with effect from midnight of Nov. 8.....

Tags : Prime Minister, Modi, demonetisation, black money


Bombay HC: Government's Intention to Act Against Parallel Economy in Black Money Not Mala fide(18.11.2016)

Bombay High Court has said that, "Government's efforts to act against black money needs to be supported".

Tags : Bombay High Court, black money, Parallel Economy


SIT On Black Money Is Public Authority Under RTI: CIC(12.10.2017)

Central Information Commission (CIC) has held the special investigation team on black money a ‘public authority’ as per the Right to Information Act.

Tags : Central Information Commission, Black Money


Supreme Court Dismisses Plea Against Rakesh Asthana's Appointment as CBI Special Director(29.11.2017)

Supreme Court Dismisses Plea Against Rakesh Asthana's Appointment as CBI Special Director

Tags : The Centre had opposed the plea, saying Asthana had an outstanding career and had supervised over 40 high-profile cases like coal scam, AugustaWestland scam, black money and money laundering cases.


Madras HC Rejects PIL Seeking Direction to FM to Bring Back Black Money Stashed Abroad(05.02.2019)

Madras High Court has dismissed a PIL seeking a direction to Union Finance Ministry to take action on a representation for bringing back black money s.....

Tags : Madras High Court, Black Money


CIVIL - Delhi HC Questions Centre on Giving Retrospective Effect to Black Money Law(27.02.2019)

Delhi High Court has asked Centre as to how it gave retrospective effect - from July 2015 - to black money law which was enacted in April 2016 to deal.....

Tags : Delhi High Court, Black Money Law


Check on Black Money in Polls Futile if Identity of Donors is Not Known: SC(12.04.2019)

Supreme Court has held that if identity of the purchasers of electoral bonds meant for transparent political funding is not known, then the efforts of.....

Tags : Supreme Court, Black Money


Supreme Court Stays Delhi High Court Order Stopping Retrospective Black Money Law(21.05.2019)

Supreme Court has stayed the Delhi High Court order which had held that the 2016 black money law cannot be allowed to operate with retrospective effec.....

Tags : Supreme Court, Black Money


Gujarat High Court Grants Stay on Settlement Commission Order on Black Money(04.06.2019)

Gujarat High Court has allowed an interim stay against an order passed by the Settlement Commission in a case pertaining to the law on black money mak.....

Tags : Gujarat High Court, Black Money


CBDT: Corrupt Can’t Use Black Money Window(23.05.2016)

Central Board of Direct Taxes (CBDT) has said that corrupt individuals will not be eligible to declare their black money under compliance window that .....

Tags : Central Board of Direct Taxes, Black Money Window


CBDT Notifies New Income Tax Department Authority to Deal with Black Money Window(18.12.2015)

Central Board of Direct Taxation (CBDT) has notified new Income Tax department authority which will now be empowered to receive due taxes and penalty .....

Tags : Central Board of Direct Taxation, Income Tax department authority, Black Money Window


RBI: No Foreign Exchange Act Action against Declarant for Disclosure Under Black Money Window(01.10.2015)

Reserve Bank of India (RBI) has said no action under FEMA will be taken against declarations under one-time black money compliance window. RBI has alr.....

Tags : Reserve Bank of India ,FEMA ,black money compliance window


Top Story

Rupees 500 and 1000 denomination notes are no more a legal tender : Union Government(08.11.2016)

The Prime Minister of India in a surprise move announced demonetization rupees 500 and 1000 denomination notes with effect from midnight of 8th Novemb.....

Tags : Rupees, De-monetisation, Black money