Meeting of minds with Switzerland on black money, tax evasion
Washington: There has been a "meeting of mind" between India and Switzerland on the issue of black money and tax evasion, a top Indian official today, a day after it assured India of stepped up cooperation over the issue.
Jun 07, 2016, 12:16 PM IST
Black money: Switzerland promises deeper cooperation, to send top official to India
Prime Minister Narendra Modi, in his talks with Swiss President Johann Schneider-Amman, raised the issue of black money and tax evasion by Indians to which the latter offered to extend the level of cooperation.
Jun 06, 2016, 22:16 PM IST
Black money, tax evasion shared priority of India and Switzerland: PM Modi
Prime Minister Narendra Modi and President of Switzerland Johann Schneider-Ammann, on Monday, mutually agreed to strengthen cooperation in combating tax evasion and tackling Indian black money hidden in Swiss banks.
Jun 06, 2016, 15:04 PM IST
FIIs may not abandon India due to tax treaty changes: Centrum
New Delhi: FIIs are unlikely to abandon India due to the tax treaty revision with Mauritius and foreign investment flow can actually increase for a few months as investors may take tax advantage by investing more before March 31, 2017 deadline, says a report.
Jun 03, 2016, 16:49 PM IST
Attention tax evaders: From June 1, declare black money and come clean or else....
This warning comes straight from the Finance Ministry: declare black money and come clean from June 1 or face penalty and be subject to scrutiny and enquiry by tax department.
May 29, 2016, 12:49 PM IST
Black money: PM Modi to visit Switzerland, discuss issue with Swiss Prez
In a move that could take the fight against black money to a significant level, Prime Minister Narendra Modi will visit Switzerland to discuss with authorities the issue of illicit cash stashed in their banks.
May 29, 2016, 12:17 PM IST
Government vows to crack down on super-rich tax evaders
Figures published last month for the first time since 2000 showed just how few of India`s top earners pay tax. Only six people earning over 500 million rupees ($7.4 million) filed returns in 2012-13.
May 22, 2016, 14:18 PM IST
No immunity to those earned money through corruption: Finance Ministry
Persons who have earned money through corrupt practices cannot take advantage of the domestic black money disclosure scheme, says the Finance Ministry's FAQ on Income Declaration Scheme issued on Friday.
May 20, 2016, 16:46 PM IST
India, Slovenia amend DTAA to bring info exchange under ambit
New Delhi: India and Slovenia have signed a protocol to amend the bilateral double taxation avoidance agreement, broadening the pact to include exchange of information to curb tax evasion.
May 19, 2016, 17:30 PM IST
India signs tax treaty with Mauritius to prevent tax evasion
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May 10, 2016, 23:53 PM IST
Government unearths indirect tax evasion of Rs 50,000 crore in 2 years
As much as Rs 50,000 crore of indirect tax evasion and another Rs 21,000 crore of undisclosed income has been unearthed by the government in the last two years.
May 10, 2016, 14:18 PM IST
Congress criticises Centre for not inquiring Vijay Mallya's transactions
Congress today made a scathing attack on the Centre "for not inquiring" various transactions of money paid to Vijay Mallya by Diageo Plc, including the USD 40 million Sweetheart deal.
In need of cash, Finance Ministry chases nearly Rs 8 lakh crore billion in elusive back taxes
India's Finance Ministry is asking for regular progress reports from tax collectors and has set a date for an amnesty to pay off arrears on undeclared domestic assets, as the government intensifies efforts to meet its ambitious deficit target.
Apr 18, 2016, 14:44 PM IST
Panama Papers put German bank in spotlight: report
Leading German private bank Berenberg helped clients to evade tax.
Apr 16, 2016, 04:56 AM IST
IMF, World Bank focus on economic risks of Brexit, tax evasion
The IMF and World Bank focused Thursday on Britain`s possible EU pullout and widespread tax evasion as key threats to the global economy as they opened their Spring Meetings.
Apr 14, 2016, 23:18 PM IST
'No evidence' to take action against Panama Papers law firm: prosecutor
Panama`s public prosecutor against organized crime said Wednesday there was no evidence so far to take action against the law firm at the center of the Panama Papers scandal, following a raid lasting 27 hours on its office
Apr 14, 2016, 07:30 AM IST
I'm a law abiding citizen: Amitabh Bachchan on tax evasion claims
On Friday, a news report shared the 73-year-old actor's "brush with the Income Tax Department right from 2009 and how his loans were paid off using offshore entities".
Apr 09, 2016, 10:15 AM IST
More names, underworld shadow in 'Panama Papers' Part II
A now-deceased underworld don, a politician, an industrialist and an ex-cricketer are among those with alleged off-shore links, even as the agency that helped them set up the entities stonewalled New Delhi's probe efforts, the Indian Express reported on Tuesday.
Apr 05, 2016, 10:19 AM IST
Panama Papers: Tax adventurism will prove extremely costly, says FM Jaitley
Amid reports of some Indians having unaccounted wealth in tax havens, Finance Minister Arun Jaitley on Monday said those who did not take advantage of the compliance window last year to declare illegal assets abroad will find "such adventurism extremely costly".
Apr 04, 2016, 12:59 PM IST
Panama Papers: Huge tax leak exposes Vladimir Putin aides, world leaders
A massive leak of 11.5 million tax documents has exposed the secret offshore dealings of aides to Russian president Vladimir Putin, world leaders and celebrities including Barcelona forward Lionel Messi.
Apr 04, 2016, 10:53 AM IST
