Tag: Black Money
The CBDT has launched a dedicated website/ portal named as Operation Clean Money, under Phase II, to encourage voluntary tax compliance by Taxpayers. This portal provides comprehensive information (FAQs, …
The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years …
India and Belgium sign Fresh Protocol amending the Existing India-Belgium DTAA and Protocol for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income.
Income Tax Department has issued Instructions/ SOPs for preliminary verification by the Assessing Officers of transactions of persons identified under "Operation Clean Money" for disproportionate cash deposits/ transactions post …
CBDT has notified the Black Money Undisclosed Foreign Income and Assets (UFIA) and Imposition of Tax (Amendment) Rules, 2016 to prescribe rules for service of notice under Black Money …
CBDT has issued press release about signing of ‘Joint Declaration’ by India and Switzerland for the implementation of Automatic Exchange of Information (AEOI) on Bank Accounts and Black Money …
The ICAI has issued a Press Release regarding initiation of disciplinary action against two Chartered Accountants (CA Radhey Shyam Bansal and CA Anil Aggarwal of New Delhi) allegedly found …
In the fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes, the Government of India (GOI) has decided that the five …
The CBDT has notified 'Prohibition of Benami Property Transactions Rules, 2016' under the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988). These Rules shall be applicable from …
The SIT on Black Money has submitted it's Fifth Report to Hon'ble SC and has mainly made two recommendations, i.e. i) total ban on cash transactions above Rs. 3 …