Black money: I-T dept to file complaint against HSBC Geneva
The Income Tax department is soon expected to file a complaint against HSBC bank, Geneva, for allegedly "abetting" tax evasion in India by way of unauthorisedly operating accounts of its citizens in its overseas branch.
Feb 16, 2015, 19:11 PM IST
Black money: SIT brings new intel agency on board
"CEIB has recently been appointed as the main coordinating body for the SIT. It is the 12th agency which will work with the SIT on black money, albeit from the sidelines and not as a part of the core panel," said sources.
Feb 15, 2015, 15:39 PM IST
Black money: SIT writes to ICIJ to obtain data on Indian a/cs
The Special Investigation Team (SIT) on black money has approached ICIJ -- a global collective of investigative journalists -- to obtain the full data on Indians holding bank accounts in HSBC Geneva, which the group made public earlier this week under its 'Swiss Leaks' revelations.
Feb 12, 2015, 21:36 PM IST
SIT on blackmoney needs more hands
The Finance Ministry has asked eligible officers to apply to fill up vacancies in the Special Investigation Team (SIT) mandated to deal with blackmoney cases.
Feb 12, 2015, 17:17 PM IST
Black money: SIT widens probe as new names emerge
The Special Investigation Team (SIT) on black money today decided to widen its probe as new names of Indians with Swiss bank accounts have come up but made it clear that legal action will be taken only after verifying facts.
Feb 09, 2015, 18:44 PM IST
Govt renegotiating tax treaties to curb illicit wealth flows
To check illicit financial flows across borders, the government is renegotiating bilateral treaties with many countries to limit tax benefits to genuine investments and curb the routing of Indian money to safe havens, a senior Finance Ministry official said on Wednesday.
Dec 17, 2014, 18:31 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
Black money: Govt says it's strengthening enforcement mechanism
Amid its efforts to bring back black money stashed abroad, government on Wednesday said it has taken various measures to strengthen the enforcement mechanism by putting in place a robust legislative framework and using information technology for data mining.
Dec 10, 2014, 15:37 PM IST
SIT on black money to create database of tax crimes
The Special Investigation Team (SIT) on black money has decided to create a rich national database where multiple agencies probing tax and financial crimes will pool in vital classified information to be shared for seamless investigation.
Nov 19, 2014, 18:58 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
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
Parl panel to review measures taken to unearth black money
As government grapples with the issue of black money, a Parliamentary committee has decided to review the subject of "unaccounted" money and its generation.
Sep 17, 2014, 17:38 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
Black money: SIT submits action taken report to SC
The Special Investigation Team (SIT) on black money on Wednesday submitted an action taken report on its findings and recommendations on the illegal funds issue to the Supreme Court.
Aug 20, 2014, 16:48 PM IST
SIT likely to submit report on black money to SC today
SIT on black money is expected to submit an action taken report on its findings and recommendations on the illegal funds issue to SC on Wednesday.
Aug 20, 2014, 09:05 AM IST
Black money: SIT may submit ATR to SC on Wednesday
The Special Investigation Team (SIT) on black money is expected to submit an action taken report on its findings and recommendations on the illegal funds issue to the Supreme Court Wednesday.
Aug 19, 2014, 23:18 PM IST
Black money: India gets 24,000 pieces of secret foreign data
In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the last financial year.
Aug 10, 2014, 14:05 PM IST
No official estimate on black money, says Jaitley
Finance Minister Arun Jaitley on Friday said there is no official estimate on black money and a study commissioned by the government to ascertain the amount are yet to be completed.
Jul 11, 2014, 19:26 PM IST
All info about black money will be made public: Govt
India has made a fresh request to Switzerland seeking bank details and names of Indians having unaccounted money in the country's banks.
Jun 30, 2014, 20:43 PM IST
Black money: RBI directs banks, FIs to give information to SIT
The Reserve Bank of India Monday directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money.
Jun 23, 2014, 17:21 PM IST
