October 06, 2021 9:07 am
Disclosures such as these reiterate the need for comprehensive, all encompassing reform. Gaps in tax systems must be addressed, and information must be shared by countries more freely.
October 05, 2021 10:43 pm
Beginning Monday, The Indian Express has begun a series of investigative reports that show how Indian elites have found ingenious new ways to ring-fence their assets abroad from scrutiny at home.
January 22, 2021 10:53 pm
One of the members of Planning Commission feels that not enough homework was done before deciding on the bonds as a measure to clean up black money. In the earlier schemes — for example, the 1976 voluntary disclosures — the Planning Commission was involved.
December 11, 2020 5:33 pm
The bench observed while there is legislative and executive exercise, the role of the judiciary is to scrutise. The bench said that the judicial wing cannot be asked to take over all the roles and added that it has not been envisaged in the Constitution.
October 09, 2020 7:44 pm
The information exchange this year involved nearly 3.1 million (31 lakh) financial accounts, FTA said in a statement on Friday. The number of such accounts was similar in 2019.
July 18, 2020 12:14 am
Octogenarian Renu Tikamdas Tharani was found to be the beneficiary of the account that held $3.97 crore during financial year 2005-06 after the tax department began a reassessment proceeding in 2014 for the income tax return filed in 2006, wherein she had declared an income not liable to tax.
November 02, 2019 3:11 am
These ‘elephant bonds’ would be an avenue for people to bring their offshore undisclosed wealth into India without fear of prosecution, suggests the report.
June 27, 2019 9:09 pm
A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018.
May 20, 2019 6:33 pm
The Centre is also aggrieved by the interim order of the high court that restrained the Income Tax (I-T) department from taking any action against VVIP chopper scam accused Gautam Khaitan, against whom a black money case has been lodged.
May 17, 2019 2:31 pm
Replying to an RTI query, the Finance Ministry said India and Switzerland share information on black money on a case to case basis as per the investigations being carried out.
June 22, 2020 6:17 pm
The shortage of cash, decline in GDP, loss to small businesses and daily-wage workers - was it all worth it if most of the demonetised money is back in the system?
June 22, 2020 7:16 pm
June 22, 2020 7:17 pm
January 12, 2016 7:33 am
New Delhi, Jan 12 (ANI): Reacting on the black money statement of Yoga Guru Baba Ramdev, Congress leader Shobha Oza on Tuesday said the Modi government, which had black money as an important issue in their election manifesto, has now gone silent on the matter. She further said that PM Modi has failed on his promise to bring the black money back. Meanwhile, Bharatiya Janata Party (BJP) leader Sudesh Verma said that necessary steps were being taken by the government on black money and assured that the results would come soon.