Sebi keeping tabs on exchange misuse for tax evasion: Sinha
Market regulator Securities and Exchange Board of India (Sebi) has asked bourses to take immediate action against entities involved in misuse of stock exchange system for tax evasion, Parliament was told Friday.
May 08, 2015, 15:48 PM IST
British tax authority faces legal challenge on stance over HSBC
A campaign group has begun a legal process that could lead to Britain`s tax authority facing a judicial review over its failure to take a tougher line with people alleged to have used accounts with an HSBC unit in Switzerland to evade tax.
May 01, 2015, 13:02 PM IST
Black money: SC asks SIT to submit status report by May 12
The Supreme Court has asked the Special Investigation Team (SIT) on black money to submit a status report of its investigation in the money laundering case by May 12.
Apr 21, 2015, 17:48 PM IST
Automatic info exchange only way to tackle black money: Arun Jaitley
Finance Minister Arun Jaitley has sought urgent implementation of common reporting standards on automatic exchange of information globally, asserting that it is the only way to tackle the challenges posed by black money.
Apr 18, 2015, 09:58 AM IST
Sebi bars 129 entities; suspects money laundering, tax evasion
In a fresh crackdown on suspected tax evasion and laundering of black money through stock markets, regulator Sebi on Friday barred Mishka Finance and Trading Ltd and 128 other entities from the securities market.
Apr 17, 2015, 20:41 PM IST
France imposes Euro-1 bn bail on HSBC; begin formal probe
The bank, however, said the French magistrates' decision was "without legal basis" and it would appeal against it.
Apr 09, 2015, 19:55 PM IST
Black money: HSBC tax evasion suspects in India told to get a lawyer
Customers of HSBC in India, suspected of tax evasion, have been given a 30-day timeframe to get a lawyer in Switzerland to manage or challenge the disclosure of their names in the official gazette.
Mar 31, 2015, 19:01 PM IST
UK unveils new measures to combat tax evasion
Corporations linked to offshore tax evasion by investors in Britain will face criminal sanctions under government plans unveiled Thursday, a month after an international scandal over tax-dodging in Switzerland.
Mar 20, 2015, 10:47 AM IST
Black money bill proposes 10 years jail, 300% penalty
Giving concrete shape to Finance Minister Arun Jaitley`s budget announcement last month on recovering black money stashed away abroad, the cabinet-approved anti-black money law provides a short window to income tax assessees to declare assets, pay tax and penalty and avoid imprisonment.
Mar 18, 2015, 21:06 PM IST
Info on black money abroad has led to penalties: Govt
Sustained efforts made to obtain information about black money stashed abroad by Indians have yielded results such as imposition of penalties and complaints in criminal courts, government said Wednesday.
Mar 10, 2015, 17:05 PM IST
Greek PM to meet EU chief Friday
Greek Prime Minister Alexis Tsipras will meet with EU chief Jean-Claude Juncker on Friday, his office said Monday, hours ahead of key talks on Athens` financial lifeline.
Mar 09, 2015, 17:32 PM IST
Acting against tax evasion is not tax terrorism: CBDT chief
Promising to move "two steps" forward to clear the perception of 'tax terrorism', the Tax Department Wednesday said the taxpayers also need to take 'two steps' to ensure their compliance with laws.
Mar 04, 2015, 21:16 PM IST
No definite date to bring back black money: Govt
Government on Tuesday said it was not possible to provide a definite timeline on bringing back the black money stashed abroad.
Mar 03, 2015, 15:49 PM IST
Tax evasion through foreign assets to be a criminal offence
The announcement by Finance Minister Arun Jaitley categorising tax evasion in relation to holding of illegal foreign assets as a "predicate offence" under anti-money laundering laws has, for the first time, made concealment of income a criminal offence in India.
Mar 02, 2015, 18:16 PM IST
Black money holders will have a last chance to disclose assets
Government today disclosed that it will offer a "window" to Indians holding black money in foreign bank accounts to come clean but categorically ruled out any amnesty scheme for them.
Mar 01, 2015, 20:05 PM IST
Govt won't deviate from path of unearthing black money: PM Modi
Prime Minister Narendra Modi Friday said his government would not deviate from the path of unearthing black money stashed abroad and "no one would be spared" in this regard.
Feb 27, 2015, 22:24 PM IST
Sebi has advised bourses to keep vigil on companies: Minister
Market regulator Sebi has advised exchanges to keep a 'constant and strict vigil' on companies as it has found many firms to be misusing the stock exchange platform for tax evasion, Parliament was informed Tuesday.
Feb 24, 2015, 19:07 PM IST
HSBC says CEO Stuart Gulliver holds Swiss account
She said the account was set up in 1998 in the name of a Panamanian company for reasons of confidentiality "and this had no other purpose and provided no tax or other advantage." She did not say how much the account contained.
Feb 23, 2015, 11:20 AM IST
UK mulling new tax evasion law after HSBC scandal
British government is mulling a new law to penalise companies, banks as well as accountants who help people evade tax, in a crackdown on corporate tax evasion in the wake of HSBC tax-dodging scandal.
Feb 22, 2015, 19:47 PM IST
Black money: I-T dept to file 100 more complaints in court
The department, according to sources, is also expected to collect an additional revenue to the tune of Rs 3,200 crore after completing final assessments and prosecutions of these cases, as taxes and penalties.
Feb 22, 2015, 11:01 AM IST
