Foreign Black-money-act

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I-T Dept issues notices in 380 cases of undisclosed foreign assets of Rs 12,260 cr under foreign black money act
Business

I-T Dept issues notices in 380 cases of undisclosed foreign assets of Rs 12,260 cr under foreign black money act

The Department takes actions, like searches, surveys, enquiries, assessment of income and launching prosecution, against those possessing black money

Know of a 'benami' transaction or property? Inform the taxman and you could pocket as much as Rs 1 cr
Business

Know of a 'benami' transaction or property? Inform the taxman and you could pocket as much as Rs 1 cr

The 'Income Tax Informants Reward Scheme' has also been amended under which a person can get reward up to Rs 50 lakh for giving specific information about substantial evasion of tax on income or assets in India, which are actionable under the Income-tax Act, 1961.