Search For "foreign assets"
US pressure on Venezuela continues as Treasury Dept sanctions more of Madu
Updated : 2 months, 3 weeks ago IST
In a statement issued by the US Department of the Treasury on Friday, the Office of Foreign Assets Control (OFAC) designated relatives and associates of Maduro and his wife, Cilia Flores, further pressuring the Latin American country over corruption and narcotics-related activities.
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Outreach program being held to increase compliance among people, says Utta
Updated : 3 months, 1 week ago IST
Aparna Karan, Principal Chief Commissioner of Income Tax, on Friday attended an outreach programme on 'Compliance Under the Income Tax Act and Taxpayers' Services' at the ONGC Auditorium, organised by the Principal Commissioner of Income Tax Office, Dehradun.
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CBDT launches second NUDGE initiative to boost voluntary compliance on for
Updated : 3 months, 2 weeks ago IST
The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative, aimed at strengthening voluntary compliance in the reporting of foreign assets and income
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CBDT launches second NUDGE initiative to boost voluntary compliance on for
Updated : 3 months, 2 weeks ago IST
The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative aimed at strengthening voluntary compliance in reporting foreign assets and income.
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Indian firm among new US sanction list for allegedly aiding Iran's missile
Updated : 4 months ago IST
The action, announced by the Treasury's Office of Foreign Assets Control (OFAC), is part of a wider sanctions package targeting 32 individuals and entities across Iran, the United Arab Emirates (UAE), Turkiye, China, Hong Kong, India, Germany, and Ukraine.
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ED summons industrialist Anil Ambani on November 14 in FEMA case
Updated : 4 months, 1 week ago IST
The ED is investigating alleged illegal outward remittances, undisclosed foreign assets and offshore entities in connection with Ambani and companies in the Reliance Anil Ambani Group (RAAG).
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US sanctions two Indian nationals, pharmacy linked to fentanyl-laced pills
Updated : 5 months, 1 week ago IST
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on two Indian nationals, Sadiq Abbas Habib Sayyed and Khizar Mohammad Iqbal Shaikh, along with an India-based online pharmacy, KS International Traders, for their roles in supplying hundreds of
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Delhi Court declares arms dealer Sanjay Bhandari a fugitive economic offen
Updated : 8 months, 1 week ago IST
The order was passed by Additional Sessions Judge Sanjeev Aggarwal following a plea by the Enforcement Directorate (ED), which alleged that Bhandari had deliberately evaded Indian legal proceedings and possessed foreign assets exceeding Rs 100 crore.
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Over 72% growth in India's overseas financial assets was due to investment
Updated : 8 months, 2 weeks ago IST
India witnessed a strong increase in its overseas financial assets during the financial year 2024-25, mainly driven by higher overseas direct investments, currency and deposits, and reserve assets, according to the latest data released by the Reserve Bank of India (RBI).
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CBDT's trust first approach yields significant result, 30,161 taxpayers de
Updated : 1 year ago IST
The Central Board of Direct Taxes (CBDT) "nudging campaign" has yielded significant results with 30,161 taxpayers declaring foreign assets worth over Rs 29,000 crore, government sources told ANI.
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CBDT launches compliance-cum-awareness campaign for AY 2024-25 to assist t
Updated : 1 year, 3 months ago IST
As part of the campaign, the CBDT will send informational messages via SMS and email to resident taxpayers who have already filed their ITR for AY 2024-25.
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US sanctions 3 Chinese nationals, 3 Thai entities over cyberfraud linked t
Updated : 1 year, 9 months ago IST
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) on May 28 designated three individuals, Yunhe Wang, Jingping Liu, and Yanni Zheng, for their activities associated with the malicious botnet tied to the residential proxy service known as 911 S5. OFAC also sanctioned
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