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BLACK MONEY LAW NEWS

Bombay HC interim relief to Anil Ambani as he queries retrospective applicability of black money law

October 06, 2022 4:57 pm

The department alleges that the Reliance (ADA) Group chief had evaded Rs 420-crore taxes on Rs 814 crore held in two Swiss Bank accounts 'in 2006-7 and 2013'.

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Black Money Act-Foreign asset valuation: Getting it right

July 17, 2015 2:29 am

The government has, offered a one-time opportunity to individuals to declare their undisclosed foreign assets and incomes and avoid penal action.

Month after nod to black money law, questions over change in date

July 16, 2015 4:05 am

The Union Law Ministry had notified the law on May 27, a day after it received the assent of President Pranab Mukherjee.

Nipping it in the black

July 15, 2015 12:56 am

It’s better to adopt measures to tighten the creation of black money than to be quixotic about its return.

Bring back black

July 13, 2015 12:52 am

International cooperation on tax evasion is welcome. But questions on US-India agreement remain.

Lack of clarity, time - Key challenges in implementation of Black Money Law

July 10, 2015 8:43 am

Faced with queries from professionals regarding the implication of the new Black Money Act, tax experts say that lack of clarity and paucity of time are the main challenges for implementation of the law.

5 Questions: Black money should be called ‘bad money’, says A Sampath

May 12, 2015 4:00 am

CPM member in Lok Sabha A Sampath on why he insisted that black money should be called ‘bad money’.

Black money Bill to be in Parliament next week: Arun Jaitley

May 02, 2015 5:38 am

Government's ‘The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015,’ provides for heavy penalty and stiff punishment of up to 10 years for stashing unaccounted funds abroad.