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13 Oct 2016

Hyderabad individual declared Rs 10000 cr in black money scheme

Andhra Pradesh Chief Minister N Chandrababu Naidu has claimed that out of the Rs 13,000 crore of black money declared in Hyderabad under a recent scheme, Rs 10,000 crore belonged to a single individual, in apparent hints towards his political rivals.

15 Sep 2016

Income Declaration Scheme: I-T offices to remain open till midnight on Sep 30

The taxman will undertake a midnight vigil on September 30 as CBDT has directed the Income Tax department to keep their country-wide offices open in order to receive declarations under the domestic black money window - the Income Declaration Scheme (IDS).

25 Jul 2016

Black money: Willing to walk extra mile to address concerns over IDS, says Govt

Promising confidentiality on black money disclosures, government Monday said it is willing to walk the extra mile to address any concerns and incorporate "positive suggestions" on the one-time compliance window provided to undeclared wealth holders to come clean.

18 Jul 2016

CBDT prepares 9 lakh special cases; to confront taxpayers

The CBDT on Monday cautioned lurking stash holders saying it has prepared a database of about "nine lakh pieces" of instances of high-value transactions and it will soon "confront" them with this information as part of its exercise to ensure timely declarations under the ongoing one-time black money window.

11 Jul 2016

Black money window: CBDT issues notification to ensure secrecy

CBDT on Monday issued a fresh notification making it clear that information about those who declare their black money under the compliance window, ending September 30, will be kept secret.

28 Jun 2016

Black money window: FM Jaitley to meet industry chambers, CAs today

Finance Minister Arun Jaitley will meet industry associations on Tuesday to clear doubts about the four-month window provided to holders of undeclared wealth to come clean.

27 Jun 2016

Black money window: CBDT issues fresh FAQs; PAN mandatory

CBDT on Monday issued a set of fresh FAQs to clarify doubts about the processes of the one-time black money window as it stated that furnishing PAN number will be mandatory for the declarant while cases of non-filing of ITRs will be eligible to apply but with certain conditions.

30 May 2016

Must Read: FM Arun Jaitley's tip on how to 'sleep well'

With a the government of India opening a limited four-month income declaration window from June 1, Finance Minister Arun Jaitley has given tip on how to 'sleep well' using the opportunity.

Black money window

26 May 2016

Domestic black money window will ensure peace of mind: IT dept

The Income Tax department on Thursday brought out its first public advertisement to popularise and create awareness about the four-month window for declaring domestic black money that opens on June 1.

26 Aug 2015

Black money window: More disclosures likely towards Sept-end

The government expects the number of disclosures about unaccounted overseas wealth under the black money window to go up in the last few weeks of the compliance period, which ends on September 30.

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