Blackmoney

Rs 2,000 note only helped keepers of black money, says Chidambaram

The Rs 2.000 note was a foolish move in 2016. I am glad that the foolish move is being withdrawn at least 7 years later," he added

Income tax dept detects blackmoney abroad after raids on textile group

The CBDT has claimed that the Income Tax Department has detected black money worth crores stashed abroad after it raided a leading business group involved in manufacture of textile and filament yarn.

Taxman may use official evidence from abroad to nail black money hoarders

Following the Panama leaks, the tax department had sought information in 147 actionable cases from 28 foreign jurisdictions

Humble Rs 100 note just turned into the hottest commodity in town

There was a beeline to acquire the 'hottest commodity' or dispose-off the high value Rs 500 and Rs 1,000 bank notes, which will become illegal tender at midnight.

'Out of service'': A night of ATM hopping for prized Rs 100 notes

Long queues could be seen outside ATMs

Blackmoney disclosure: IT dept not to question valuer's report

CBDT received representations from stakeholders to provide an option to value immovable property on registered value basis

Ban cash transactions of above Rs 3 lakh to curb blackmoney: SIT

The Special Investigation Team has suggested an upper limit of Rs 15 lakh on cash holding

Black money declarants cannot pay tax from undeclared income

If a person declares Rs 100 lakh as undisclosed income. As on June 1, 2016, but pays tax, surcharge and penalty of Rs 45 lakh (30 lakh + 7.5 lakh + 7.5 lakh) on same out of his other undisclosed income