Post raids, black money to attract over 137% in tax, penalty
Black money holders will have to bear taxes and penalties amounting to as high as 137 percent if they do not admit to or fail to explain the source of undisclosed income after being raided, the income tax department today said.
Dec 27, 2016, 00:03 AM IST
Govt gives one last chance to black money hoarders to come clean
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Dec 16, 2016, 23:35 PM IST
Banks to accept payments under Income Disclosure Scheme till 2017 without seeking source
Banks will be accepting the first installments of tax payments under the Income Disclosure Scheme 2016 with creating any hassle for the declarant or seek any source of funds.
Nov 28, 2016, 11:04 AM IST
Converting black money into legal tender: Govt warns against fraudulent cash deposit, withdrawal
Amid scathing attack from the Opposition over its sudden decision to ban old currency, the Narendra Modi government has now warned people against fraudulent cash deposit and withdrawal to convert black money into legal tender.
Nov 18, 2016, 16:15 PM IST
PM Modi hints at more action to expose black money hoarders
Hinting at more action to unearth black money, Prime Minister Narendra Modi today said those holding unaccounted money will not be spared and there is no "guarantee" that no further steps would be taken after December 30 till when people can deposit the demonetised notes.
Nov 12, 2016, 14:50 PM IST
I-T dept to catch hold of black money holders post Sep 30: CBDT
All "consequences" of law will follow and the taxman will go after black money hoarders who do not declare their illegal funds before the expiry of a one-time 90-day 'compliance window' on September 30, the CBDT chief warned on Monday.
Sep 21, 2015, 15:35 PM IST
