Tag Archives: black money

Analysis : The Indian Iris Team- Narayan Singh Rao, Gaurav Sinha, Akash Ranjan On the stroke of mid-night of November 8, 2016, 86.4% of Indian currency went out of circulation with a 72 hour exemption window for specific services. There were 1,650 crore Rs.500 and 670 crore Rs.1,000 notes which ...

News: In its fight against black money, India signed an information exchange agreement with Seychelles on tax matters, along with pacts to deepen ties in security and defence among other areas. India and Seychelles also signed four other agreements including one on air connectivity and the other for supply of ...

News: To check black money generation, the government approved signing and ratification of the agreement between India and Seychelles for exchange of information with respect to taxes which will help curb tax evasion and avoidance. The agreement will enable the competent authorities of India and Seychelles to provide assistance through ...

News: A step towards the fight for black money, Rs 6,500 crore of undisclosed foreign assets have been declared under the complains window of the new law and the drive would continue despite its ‘side effects’. In his address to the nation on the 69th Independence Day, he said several important steps including agreements ...

Speech Highlights Issue of ‘One-Rank, One-Pension’ came up in front of every government. Some even made small promises. Issue could not be solved. I assure the servicemen and I am saying it under the Tricolour from the Red Fort – we have accepted OROP. We are looking at systems for ...

News: The Special Investigation Team (SIT) probing black money has approved compounding of offences under the Income-Tax Act for Indians holding accounts in foreign banks, many of whom are facing prosecution for tax evasion and concealment of income. This facility would be extended to foreign account holders who have fully ...

News: In 2014-15, the government seized Rs 761.70 crore in 545 searches, Rs 807.84 crore in 569 cases in 2013-14 and Rs 575.08 crore in 422 searches in 2012-13, Minister of State for Finance Jayant Sinha said. There were 34 convictions in 2014-15, 41 in 2013-14 and 10 in 2012-13, ...