Income Declaration Scheme: Government wants people to clean up their books, says Finance Minister
Maintaining that the relationship between taxmen and assessees is undergoing a change, Finance Minister Arun Jaitley said yesterday that the aim of the Income Declaration Scheme-2016 is to send a firm message to the people to clean up their books.
Jul 15, 2016, 13:02 PM IST
Black money: Declarants can pay interest and penalty in three installments
The government on Thursday clarified that declarants under domestic black money disclosure scheme can pay interest and penalty in three installments
Jul 14, 2016, 14:44 PM IST
Sizable dip in Indian black money parked abroad: FM Jaitley
Finance Minister Arun Jaitley today said the Narendra Modi government's "activism" against black money in the last two years has resulted into a "sizable dip" in illegal assets stashed abroad by Indians.
Jul 10, 2016, 17:42 PM IST
Black money window: I-T dept creates special tab on website
The Income Tax department has created a special zone on its official website to showcase country-wide activities being done by it to popularise the one-time black money compliance window that will complete its first month in operation soon.
Jun 28, 2016, 21:31 PM IST
Come clean by September 30: FM Arun Jaitley to black money holders
Offering black money holders one last chance to come clean, Finance Minister Arun Jaitley today said information on assets disclosed during the one-time compliance window will not be shared with any other authority.
Jun 28, 2016, 18:55 PM IST
Compliance window for domestic black money opens today
New Delhi: The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45 percent on such assets opened on Wednesday.
Jun 01, 2016, 12:13 PM IST
Compliance window for domestic black money opens tomorrow
Under the Income Declaration Scheme, persons making disclosure of unaccounted assets will be given time up to November 30 to pay taxes, penalty and surcharge totalling 45 percent at the fair market value.
May 31, 2016, 14:00 PM IST
Domestic black money window will ensure peace of mind: IT dept
The Income Tax department on Thursday brought out its first public advertisement to popularise and create awareness about the four-month window for declaring domestic black money that opens on June 1.
May 26, 2016, 12:51 PM IST
