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tax evaders News

Black Money Act-Foreign asset valuation: Getting it right

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

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


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

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.

After HomeMin, Customs now plans passenger risk-profiling

Frequent fliers from risk-prone regions to be under scanner.

In Haryana,a survey to find out whether portals,developers are paying due tax

In a move to keep an eye on the tax evaders,the Haryana government is carrying out a survey to ascertain whether web-portals engaged in selling goods and commodities through online channel and real estate developers in the state are paying the taxes.

As year-end nears,tax evaders rush

Defaulters have to declare their dues by Dec 31 and pay 50 per cent of the total amount.


Despite govt’s tough talk on tax evasion,revenue gap likely at Rs 41,000 crore this fiscal

Fiscal deficit has breached 80% mark to reach 84.4% of the Budget estimate during April-October.

Money laundering: Banks in Singapore face the heat over accounts of tax evaders

Bankers in Singapore may now feel compelled to give up some of the lucrative accounts.

PC: Will bring more evaders in tax net

Fifty lakh added in first 3 months of 2013

Chidambaram threatens tax evaders,says crackdown looming

I have added 50 lakh more taxpayers into the tax net. We will add many: P Chidambaram