Make tax evasion serious crime for black money info: SIT chief
While adding more teeth to India's pursuit of black money kept abroad, this would also check generation of unaccounted wealth within the country, the SIT Chairman M B Shah said.
Dec 14, 2014, 14:51 PM IST
Change laws, put cash curbs to check black money menace: SIT
The SIT said that making tax evasion of Rs 50 lakh or more a 'predicate offence' would allow necessary action under the Prevention of Money Laundering Act (PMLA).
Dec 12, 2014, 20:20 PM IST
SIT traces Rs 4,479 cr in Swiss banks; Rs 14,958 cr in India
In first major disclosure about money held in Swiss banks, government on Friday said Rs 4,479 crore is held in the accounts owned by Indians, who figured on the HSBC List, and the Income Tax Department has initiated action against 79 of such account holders.
Dec 12, 2014, 19:11 PM IST
SIT to submit 2nd report on black money by month end: FinMin
He further said the government is providing all necessary assistance to SIT.
Nov 25, 2014, 21:02 PM IST
Absence of treaties with tax haven nations blocking black money fight
Absence of criminal legal treaties between India and tax haven nations have been cited by probe agencies working in the SIT on black money as one of the major impediments in initiating steps to bring back illegal funds stashed abroad by Indians.
Nov 12, 2014, 17:05 PM IST
Black money: SIT asks public to provide vital info on suspects
The panel said it requests the public at large to send "precise information in a crisp manner and mere allegations without specific details be avoided."
Nov 09, 2014, 13:16 PM IST
Less than half of HSBC list accounts have no money: SIT report
The SIT found and reported that there was no amount shown in almost 289 HSBC Geneva entries, while 122 of them were repeated twice in the same list.
Nov 06, 2014, 16:42 PM IST
Black money: Mauritius assures help to India in SIT's probe
Mauritius, often accused of being a route for round-tripping of funds by Indians, Monday conveyed to Indian government that it was ready to support its Special Investigation Team (SIT) to unearth black money.
Nov 03, 2014, 17:42 PM IST
Black money: Unauthorised disclosure of names can sabotage investigations, says Arun Jaitley
Finance Minister Arun Jaitley on Sunday said unauthorised disclosure of the names of black money account holders could sabotage its very investigation and affect the Indian economy too.
Nov 02, 2014, 18:06 PM IST
Need cooperation from Swiss banks to bring back black money: SIT chief
Chief of the Special Investigation Team (SIT) on black money, Justice M.B. Shah, on Sunday said it was not difficult to bring back the black money to the country but added that it would require cooperation from the Swiss banks.
Nov 02, 2014, 17:05 PM IST
SIT to go after blackmoney offenders: Justice Shah
The Supreme Court-appointed SIT, looking into the blackmoney cases, on Thursday said it will go after the offenders "big or small" and will submit its report by the first week of December.
Oct 30, 2014, 19:03 PM IST
Black money: SIT to submit second report by December 03
The Central government had submitted yesterday before the Supreme Court a list of names of Indians having accounts in foreign banks.
Oct 30, 2014, 18:28 PM IST
Black money: SC slamms govt over non-disclosure of blackmoney account holders
The apex court had some strong words for the new government for seeking modification of its earlier order on disclosure of all names saying this was accepted by the then UPA government.
Oct 28, 2014, 21:27 PM IST
Govt to submit black money holders list to SC tomorrow: FM
Jaitley said the government was keen to punish all illicit foreign account holders and would do everything to bring back the black money.
Oct 28, 2014, 18:59 PM IST
SC slamms govt over non-disclosure of blackmoney account holders
The apex court had some strong words for the new government for seeking modification of its earlier order on disclosure of all names saying this was accepted by the then UPA government.
Oct 28, 2014, 18:26 PM IST
Govt has no intention to protect anybody, names of all black money account holders will be given: Jaitley
“Have given list of names to SIT on black money on June 27,” Jaitley said. “The government wants that other nations also co-operate with us in the black money investigation,” he added.
Oct 28, 2014, 18:11 PM IST
Blackmoney: Govt to move Swiss with new hope in Hasan Ali case
The SIT, they said, has already decided to put on fast track the alleged tax evasion and laundering of funds case against the 60-year-old businessman
Oct 26, 2014, 15:17 PM IST
India may have to wait for automatic exchange of Swiss info
Switzerland has started a process for putting in place a mechanism for automatic exchange of tax information with foreign jurisdictions, but the Alpine nation has decided to focus only on EU and the US.
Oct 12, 2014, 14:52 PM IST
Blackmoney: SIT empowers ED to check huge forex violations
A Special Investigation Team (SIT) on black money has asked RBI and Enforcement Directorate (ED) to jointly take on cases of huge exports outstanding.
Sep 14, 2014, 12:02 PM IST
Bank, foreign trip details on I-T returns likely soon?
SIT has initiated steps for bringing back black money stashed away by Indian citizens in foreign banks.
Aug 22, 2014, 10:30 AM IST
