Foreign Bank Accounts
Foreign Bank Accounts News
CBI says lookout notice issued against Karti Chidambaram to prevent him from closing foreign bank accounts
The CBI Friday claimed in the Supreme Court that a lookout notice was issued against Karti Chidambaram, son of former Union minister P Chidambaram, to prevent him from travelling abroad as he was closing several of his foreign bank accounts
The CBDT (policy-making body for the I-T Department) had brought out new ITRs on 31 March this year
Congress said the government cannot take credit for revealing names of people holding black money abroad when it did so on a Supreme Court directive.
Shiv Sena snubbed the Centre for revealing identities of only a few foreign bank account holders in the first tranche with regard to the black money issue.
Attorney General Mukul Rohatgi said that the deadline for investigation of foreign bank accounts under Income Tax Act into these accounts is 31 March, 2015.
Congress reacted sharply to Jaitley's remarks that the Opposition party will be embarrassed once names of people holding illicit accounts are made public.