No official estimation of black money in foreign accounts in last five years: Govt in Parliament

New Delhi, December 14 (PTI): There is no official estimation how much worth of black money is lying in foreign accounts over the last five years, however, Rs 2,476 crore has been collected as tax and penalty under the one-time three months compliance window during 2015, government said in Parliament on Tuesday. As many as… Continue reading No official estimation of black money in foreign accounts in last five years: Govt in Parliament

I-T dept detects Rs 250 crore black money after raiding 2 business groups in Tamil Nadu

New Delhi, Oct 10 (PTI) The Income Tax Department has detected undisclosed income of more than Rs 250 crore during searches against two business groups involved in silk sarees trade and chit fund in Tamil Nadu, the CBDT said on Sunday. The searches were conducted at 34 locations in Kanchipuram, Vellore and Chennai on October… Continue reading I-T dept detects Rs 250 crore black money after raiding 2 business groups in Tamil Nadu

ED Director S K Mishra’s tenure extended by one year

New Delhi, Nov 14 (PTI) The Union government has extended the tenure of ED Director Sanjay Kumar Mishra by a year after modifying his appointment order that was issued in 2018, officials said. Mishra, 60, is a 1984-batch Indian Revenue Service officer of the Income Tax cadre and was appointed the Enforcement Directorate chief on… Continue reading ED Director S K Mishra’s tenure extended by one year

1.07 cr new taxpayers added, dropped filers down at 25.22 lakh in FY18: CBDT

New Delhi: The Income Tax department said Thursday it added 1.07 crore new taxpayers while the number of dropped filers’ came down to 25.22 lakh in 2017-18, showing the positive impact of demonetisation. In a statement, the Central Board Of Direct Taxes (CBDT) said 6.87 crore Income Tax Returns (ITRs) were filed during FY 2017-18… Continue reading 1.07 cr new taxpayers added, dropped filers down at 25.22 lakh in FY18: CBDT

Notebandi failed to keep check on black money: Former CEC O P Rawat

New Delhi: Asserting that┬ánotebandi had no impact on black money, former Chief Election Commissioner O P Rawat on Monday said that the move had no impact on misuse of money during elections. “After demonestisation it was believed that misuse of money during the elections will be brought down. But it couldn’t be proved if we… Continue reading Notebandi failed to keep check on black money: Former CEC O P Rawat

Despite CIC orders, PMO refuses info to IFS officer on black money

New Delhi: The Prime Minister’s Office (PMO) has refused to share details on the quantum of black money brought back from abroad to an IFS officer, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders. Its response came on an October 16 order passed… Continue reading Despite CIC orders, PMO refuses info to IFS officer on black money

No plan to junk Rs 2000 banknotes: Junior FM

Indore: Putting to rest speculations over a possible ban of Rs 2,000 banknotes, junior finance minister Shiv Pratap Shukla today said government is not considering any such proposal. “Right now, no proposal is under our consideration to ban the Rs 2,000 banknotes,” Shukla told reporters here. He said the Rs 500 bills are circulated in… Continue reading No plan to junk Rs 2000 banknotes: Junior FM

IT dept files charge-sheets against Chidambaram’s under black money act

Chennai: The Income Tax department today filed four charge-sheets against former Union finance minister P Chidambaram, his wife Nalini, son Karti and daughter-in-law Srinidhi under the Black Money Act for allegedly not disclosing their foreign assets. The charge-sheets or prosecution complaints have been filed by the department before a special court in Chennai under Section… Continue reading IT dept files charge-sheets against Chidambaram’s under black money act

Ready to pay political price for steps taken for better India:PM Modi

New Delhi: Prime Minister Narendra Modi today said that he was ready for the big political price he will have to pay for the steps he has taken for the betterment of the country, in a reference to decisions taken to curb black money. He also said that his government is committed to developing a… Continue reading Ready to pay political price for steps taken for better India:PM Modi

CGHS medicine supplier “surrenders” Rs 200 cr black money

New Delhi: One of the biggest suppliers of medicines to Central Government Health Scheme (CGHS) hospitals “surrendered” Rs 200 crore he allegedly held in black money after the Income Tax Department recently raided his premises, official sources said today. They said the Delhi-based businessmans premises were searched by the I-T sleuths a few days back… Continue reading CGHS medicine supplier “surrenders” Rs 200 cr black money