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Illegal income News

31 Jul 2015

Black money abroad declaration form can be filed online

The government has notified the form for declaring income and assets abroad as well rules for their calculation under the Undisclosed Foreign Income and Assets Bill and these can also be filed online, parliament was told on Friday.

13 May 2015

Anti-black money bill: Salient points

Salient points of the anti-black money bill passed by the Rajya Sabha on Wednesday, the last day of parliament`s budget session. The Lok Sabha passed the bill on Monday.

14 May 2015

Black money bill passed; govt warns those having illegal assets

Jaitley made it clear that the new law will not cover those having amounts equivalent to Rs 5 lakh in bank accounts abroad, which may belong to students or those working there.

Central Board of Direct Taxes

22 Aug 2014

Undisclosed income of Rs 90,000 crore detected in 2013-14

Undisclosed income to the tune of Rs 90,000 crore was detected during 2013-14 in various searches and surveys conducted by the Income Tax department, a top official from the Central Board of Direct Taxes (CBDT) said here on Friday.

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