Search For "black money act"
Tax clearance certificate to fly abroad not mandatory for all, government
Updated : 1 year, 10 months ago IST
In reference to some misleading reports being circulated that a mandatory tax clearance is required for individuals before flying abroad, the government has clarified that under section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax clearance certificate. Read More
CBDT chief says analysing Swiss bank accounts data of Indians
Updated : 2 years, 8 months ago IST
In an exclusive interview with ANI, Nitin Gupta, who recently got an extension for nine months in tenure, said, "We have received information about bank accounts of Indian nationals and organisations in the Swiss Bank as part of the annual automatic information exchange under which Switze
Read More
Delhi High Court modifies LOC issued under Black Money Act from debarment
Updated : 2 years, 8 months ago IST
The Delhi High Court has modified the Look Out Circular (LOC) issued under the Black Money Act from debarment of travel to intimation only for businessman alleging his involvement in a network of companies that were transferring funds to Hong Kong.
Read More
Delhi HC allows businessman Jayant Nanda to travel abroad, imposes conditi
Updated : 4 years, 2 months ago IST
New Delhi [India], March 12 (ANI): The Delhi High Court on Saturday granted permission to Non-Resident businessman Jayant Nanda to travel to UAE and Thailand with conditions that include that his wife shall not leave the country till his return.
Read More
Special Court quashes LOC issued by IT dept against Businessman Samir Modi
Updated : 4 years, 5 months ago IST
New Delhi [India], December 23 (ANI): A Special Income Tax Court on Wednesday suspended a look out circular (LOC) issued by the Income Tax Department against Indian Business Tycoon Samir Modi and patriarch of the USD 1.2 billion Modi Group who has been alleged to be avoiding huge tax liab
Read More
MoS Pankaj Chaudhary says increased funds of Indians in Swiss Banks do not
Updated : 4 years, 10 months ago IST
New Delhi [India], July 20 (ANI): Minister of State For Finance Pankaj Chaudhary on Tuesday dismissed media reports on the increase of Indian funds in the Swiss Banks and stating that the figures do not indicate the quantum of alleged black money held by Indians in Switzerland.
Read More
Delhi HC issues notice to I-T Department over Robert Vadra's plea
Updated : 5 years ago IST
New Delhi [India], May 28 (ANI): The Delhi High Court on Friday issued notice to the Income Tax Department over businessman Robert Vadra's plea challenging notices issued to him on December 4, 2018, and December 18, 2019, under Section 10 (1) of the Black Money Act, 2015.
Read More
I-T Department launches Faceless Income Tax Appeals system
Updated : 5 years, 8 months ago IST
New Delhi [India], September 25 (ANI): The Income Tax Department on Friday launched Faceless Income Tax Appeals, under which all appeals will be finalised under the faceless ecosystem with an exception of appeals relating to serious frauds, major tax evasion, sensitive and search matters, In
Read More
Cong posters featuring Robert Vadra with Priyanka, Rahul surface outside J
Updated : 7 years, 3 months ago IST
Jaipur (Rajasthan) [India], Feb 12 (ANI): Posters featuring businessman Robert Vadra along with his wife Priyanka Gandhi Vadra and Congress president Rahul Gandhi have been put up outside the Enforcement Directorate (ED) office here on Tuesday, ahead of Vadra's questioning in a money launder
Read More
Delhi: Court sends Gautam Khaitan on 5 days ED remand
Updated : 7 years, 4 months ago IST
New Delhi [India], Jan 28 (ANI): A Delhi court on Monday granted five days further remand of Gautam Khaitan to Enforcement Directorate (ED) in a black money case under the Black Money Act.
Read More
AgustaWestland accused Gautam Khaitan arrested by ED under Black Money Act
Updated : 7 years, 4 months ago IST
New Delhi (India), Jan 26 (ANI): An accused in AgustaWestland case Gautam Khaitan was arrested by Enforcement Directorate on Saturday.
Read More
IT Dept detects undisclosed income of Rs. 125 Cr under FATCA
Updated : 7 years, 10 months ago IST
New Delhi [India], Aug 2 (ANI): The Income Tax Department (IT) has detected undisclosed income worth Rs. 125 Crore under the Foreign Account Compliance Act (FATCA).
Read More