Page 2 - Black Money

Limit Section 54 benefit to curb money laundering

Section 54 tax exemption should not be available if the taxpayer already owns two or more properties on the date of sale of property

What are Swiss banks and how do they work?

Switzerland houses a number of banks famous for stashing huge amounts of wealth shielded by the country's age-old secrecy laws. Let's demystify the aura of secrecy around the banks there

Govt took many steps to reduce black money in property deals: Official

As the real estate sector becomes cleaner, Housing and Urban Affairs Secretary Manoj Joshi said more and more women would come to work in this industry

RBI's Digital Rupee will help curb black money menace: Official

'If you buy something from a shopkeeper and pay through digital money and that digital money is used to pay to his vender by shopkeeper, RBI will have all the data,' a finance ministry official said

Record number of searches in FY22 as tax offences get money laundering tint

With three months still to go for the year to end, total 'undisclosed income' is about Rs 32,000 cr, far eclipsing the FY19 level of Rs 18,600 cr

The never-ending love for cash

This acceptance of and active participation in corruption by citizens has been costly

No estimation of black money in foreign accounts in last 5 years: Govt

Bringing back black money stashed abroad was one of the key poll planks of the current government led by BJP, which assumed power in May 2014

IT dept finds Rs 500 cr black income after raids on Jaipur jewellery group

Around fifty premises were searched by the department during the raids launched on November 23

I-T dept says found Rs 400 cr black income at 2 Delhi-NCR realty firms

The unidentified groups engaged in construction of commercial and residential projects were searched on November 17.

Demonetisation to now, black money in housing deals down 80%, says Anarock

In the pre-demonetisation period, new supply outstripped housing sales - whereas, in the post-demonetisation period, housing sales overtook new supply in the top 7 cities

Rs 200-cr black income detected after raids on Pune business group: CBDT

The group was engaged in the manufacturing of heavy machinery

IT dept detects Rs 200-cr black income after raids on dry fruits traders

The Income Tax Department has detected unaccounted income of over Rs 200 crore after it recently raided people engaged in dry fruits trade located in Jammu and Kashmir and Punjab, CBDT said

Pandora papers: A rich man's game, and its most willing participants

As an international consortium of journalists unearths the 'Pandora' list of stashes in tax havens, accountability becomes the call of the day. But what we get instead is hypocrisy, rues T N Ninan

Decoded: Why 'Pandora Papers' leak is crucial from India's perspective

350 Indian names have cropped up in the latest leak

The many ways in which e-RUPI could alter the country's economic landscape

e-RUPI: The mechanism could eliminate dual pricing and target the black economy, while taking the nation one step forward towards establishing its own digital currency

20 held, BJP leaders quizzed in Kodakara black money case, says Kerala CM

20 persons have been arrested in connection with Kodakara black money case, in which the Bharatiya Janata Party leaders were also quizzed by the special investigation team, Pinarayi Vijayan informed

Crackdown on tax evaders: I-T notices to holders of foreign assets

Seek action under black money and benami laws for non-disclosure

Public, private sector banks disburse loans worth Rs 1.42 trn under ECLGS

About Rs 1.98-trillion loans have been sanctioned by the banks to MSMEs, Parliament was informed

Special units created in I-T dept for probe into undisclosed foreign assets

A special unit has been created by the government in the countrywide investigation wings of the Income Tax department for focussed probe in cases of undisclosed assets held by Indians abroad

SC refuses to hear plea on making laws to confiscate 'benami' properties

The judiciary cannot be asked to take over the roles of the legislature and the executive, the SC said