Tag: Black Money
The CBDT has announced Revised Reward Scheme (2018) for Informers of Income Tax Evasion. Under the revised scheme, a person can get reward upto Rs. 50 lakh for giving specific information …
The CBDT has announced a Reward of upto Rs. 1 crore under the "Benami Transactions Informants Scheme (2018)" which is aimed at encouraging people to give information about benami transactions/ properties/ …
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 …
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 …
The system does not scare away potential informers because the details of the informer is kept confidential and is not disclosed under any circumstances.
CBDT vide Notification 95/2015 dt 30 Dec., 2015 has amended Income Tax Rule 114B, w.e.f. 1st Jan. 2016, to enhance monetary limit of certain transactions for which quoting of …