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Great black money damp squib: SIT probe destined to disappoint

Oct 30, 2014

Great black money damp squib: SIT probe destined to disappoint

The government has handed over a list of 627 names who hold accounts in a Swiss bank but little may emerge from the black money list. #HowThisWorks #India #Black money #US #NewsTracker #Supreme Court #HSBC #Tax #Money #Geneva #Attorney General #Swiss bank #Mukul Rohatgi #account holders
If BJP is serious about black money, it should re-examine tax treaties

Oct 30, 2014

If BJP is serious about black money, it should re-examine tax treaties

The point is also about political will than political rhetoric. If the BJP is serious about black money, will it take a re-look at some of the bilateral tax treaties? Or will it at least stop signing such treaties without informing the parliament? The confidentiality clause will continue to hamper Indias efforts in tracking and recovering black money held abroad. #HowThisWorks #India #Black money #UPA #BJP #Income tax #black money list #Tax treaties
Black money list: Assessment of names before March 2015 is impossible

Oct 30, 2014

Black money list: Assessment of names before March 2015 is impossible

If SIT swings into action and works overtime it would have to sift the grain from the chaff within two to three months, an impossible task given that it may have to make a couple of sporadic visits to Switzerland and other places. #Black money #Supreme Court #SIT #Income tax #Modi Govt #Mukul Rohatgi #black money list
Black money: IT dept to prosecute about 300 foreign bank-account holders

Oct 30, 2014

Black money: IT dept to prosecute about 300 foreign bank-account holders

The IT department is likely to initiate prosecution against close to 300 people whose names have been submitted to SC in connection with the probe into alleged blackmoney accounts. #Black money #NewsTracker #Income Tax Department #IT Department #HSBC Bank #Black money accounts
Black money list: I-T authorities to begin probe against 90 names from Mumbai

Oct 29, 2014

Black money list: I-T authorities to begin probe against 90 names from Mumbai

Mumbai Income Tax authorities will soon initiate the process of ascertaining if there was any"criminality" involved in the accounts of 90 individuals from the city whose names figure in the list of 627 Indians submitted by the Centre to the Supreme Court in the black money case. #Black money #NewsTracker #Income Tax Department #I-T #black money list #Black Money case

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BJP win lifts markets, but road to economic recovery may be long

Dec 10, 2013

BJP win lifts markets, but road to economic recovery may be long

The function of the markets is to believe what it wants to believe. A bear market factors in only the worst even if there are some signs of turning around. A bull market factors in the best, even if the signals are unsustainable. #Economy #Stock market #GDP #BJP #ToWhatEffect #Indian rupee #Lok Sabha elections #tax revenue
India Inc sees higher limits on tax-saving investments in Budget

Feb 20, 2013

India Inc sees higher limits on tax-saving investments in Budget

Survey of 300 firms shows requirement of a less litigious tax regime is also key expectation #India Inc #Grant Thornton #Budget2013 #tax-saving #Budget Expectations #Super tax
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