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#PanamaPapers: Action will be taken against unlawful accounts abroad, says Jaitley

Apr 04, 2016

#PanamaPapers: Action will be taken against unlawful accounts abroad, says Jaitley

Government today declared that action will be taken against "unlawful" accounts held abroad by Indians and constituted a multi-agency group to continuously monitor information in the wake of Panama Papers that named 500 people including film actors and industrialists who have allegedly stashed money in offshore entities. #Black money #Finance minister #CBDT #Arun Jaitley #Income tax #Panama Papers #Mossack Fonseca #offshore entities
Tax adventurism will prove extremely costly, says Jaitley

Apr 04, 2016

Tax adventurism will prove extremely costly, says Jaitley

Amid reports of some Indians having unaccounted wealth in tax havens, Finance Minister Arun Jaitley today said those who did not take advantage of the compliance window last year to declare illegal assets abroad will find "such adventurism extremely costly". #Black money #Finance minister #Arun Jaitley #Income tax #Panama Papers #Mossack Fonseca
ITR Form: Experts call for more details on asset disclosure

Apr 01, 2016

ITR Form: Experts call for more details on asset disclosure

People earning more than Rs 50 lakh will find it challenging to declare cost of inherited properties and gift items in the new Income Tax Return (ITR) Form for the Assessment Year 2016-17, say tax experts. #Finance minister #KPMG #CBDT #Arun Jaitley #income tax return #ITR forms #Deloitte Haskins & Sells LLP
IT dept notifies new ITRs; taxman eyes those earning over Rs 50 lakh

Apr 01, 2016

IT dept notifies new ITRs; taxman eyes those earning over Rs 50 lakh

eople with an income of more than Rs 50 lakh per annum and having the pleasure of owning a yacht, aircraft or valuable jewellery will now have to disclose these costly assets with the IT department notifying a new set of Income Tax Return (ITR) forms for assessment year 2016-17. #Finance minister #Arun Jaitley #ITC #Sahaj #income tax return forms #FY2016-17
Support to GST bill will be issue based and on merits, says Congress

Mar 30, 2016

Support to GST bill will be issue based and on merits, says Congress

Congress on Wednesday struck a positive note on the GST bill saying its support to government in the passage of legislations would be issue based and on merits, notwithstanding BJP's "open threats" to topple party governments in the backdrop of Uttarakhand developments. #Finance minister #Congress #BJP #NewsTracker #Arun Jaitley #GST #Jairam Ramesh had
Incidents like JNU row will not dent India's image abroad: Arun Jaitley

Mar 30, 2016

Incidents like JNU row will not dent India's image abroad: Arun Jaitley

Finance Minister Arun Jaitley on Wednesday said incidents like the row at JNU were not the kind of issues that would dent India's image overseas. #India #Finance minister #TheySaidIt #Arun Jaitley #Kanhaiya Kumar #JNU row #Afzal Guru event
Why the govt's plan to double farmers' income by 2022 will be a tough task

Mar 30, 2016

Why the govt's plan to double farmers' income by 2022 will be a tough task

Doubling of farmers' real incomes would be “a miracle of miracles”, as it would imply a compound growth rate of 12% per annum. #Economy #India #Business #Finance minister #Agriculture #CriticalPoint #Arun Jaitley #farmers
There is still a large number of political parties, which crowd around a family: Jaitley takes a dig at Congress

Mar 28, 2016

There is still a large number of political parties, which crowd around a family: Jaitley takes a dig at Congress

Making a veiled attack on Rahul Gandhi, Finance Minister Arun Jaitley has said the Congress' decline is due to problems of its leadership. #Politics #Finance minister #Congress #BJP #TheySaidIt #Arun Jaitley #Shareworthy #obsolete car manufacturer