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Latest News on Undisclosed Income
Showing of 0 - 10 from 11 results
Undisclosed Income - Total results - 11
Mar 28, 2019
CBDT raises alarm as direct tax collection remains short of 15%; officials asked to pull up socks to achieve targetThe officer expressed CBDT's disappointment at this situation and has asked the supervisory tax officials to pull up their socks and ensure no stone remains unturned to achieve the target.
Sep 15, 2018
HC extends reprieve to Chidambaram family members till 12 October in case under Black Money ActThe issue pertains to alleged non-disclosure of overseas assets and bank accounts held by Chidambaram's wife Nalini, son Karti and daughter-in-law Srinidhi.
Dec 18, 2017
Black money: Income tax department unearths undisclosed income of Rs 7,961 cr in 5 monthsIncome tax department conducted searches on around 900 groups, wherein assets worth over Rs 900 crore were seized and undisclosed income of Rs 7,961 crore was admitted
Jul 23, 2017
Govt to SC: IT dept has detected undisclosed income worth Rs 71,941 crores over past three yearsMassive searches, seizures and surveys by the IT department over the last three years have led to the detection of around Rs 71,941 crore of "undisclosed income"..
Apr 12, 2017
Demonetisation impact: Rs. 5,400 cr of undisclosed income detected, says Arun JaitleyThe IT Department had undertaken “Operation Clean Money” to leverage technology and data analytics for verification of deposits during the demonetisation period.
Mar 24, 2017
Income tax department uncovers Rs 45,622 cr undisclosed incomeDuring the FY14, FY15, FY16 and FY17 (up to January 2017), the I-T dept conducted searches on about 2,534 groups of persons, which led to admission of undisclosed income of about Rs 45,622 crore apart from seizure of undisclosed asset (cash, jewellery etc) worth about Rs 3,625 crore
Mar 21, 2017
I-T Department warns black money hoarders of action, to be fined over 77% if caughtAfter the 8 November demonetisation of Rs 500 and Rs 1,000 notes, the central government unveiled the PMGKY amnesty scheme from 16 December, 2016 to 31 March, 2017 for declaring unaccounted wealth (black money) and avoiding prosecution by paying a fine of 50 percent on the undisclosed income.
Nov 28, 2016
Demonetisation: Govt mulls 50% tax on unaccounted deposits and 85% for non declarationThose who choose to declare their ill-gotten wealth stashed till now in banned Rs 500 and Rs 1,000 notes under the Pradhan Mantri Garib Kalyan Yojana 2016, will have to pay a tax at the rate of 30 percent of the undisclosed income
Oct 04, 2016
Undisclosed income now at over Rs 71,000 crore under IDS, says ICAIThe number of assesses who disclosed their assets under the scheme is more than 64,000, says ICAI
Oct 01, 2016
Black money window may have mopped up Rs 50,000 crore, announcement later todayTop sources in the Finance Ministry said the scheme has turned out to be "very successful" and the results are expected to beat expectations and stipulated targets set in this regard.