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Black Money: No relief to those who defaulted on 1st IDS installment: CBDT
Wed, Mar 29, 2017
The Central Board of Direct Taxes (CBDT) has refused to grant any relief to those black money declarants who failed to submit their first installment of tax and penalty under the IDS owing to personal emergencies or liquidity crunch.
Nine lakh accounts under Operation Clean Money 'doubtful'
Thu, Feb 16, 2017
Nearly half of the 18 lakh people under the I-T scanner for suspicious bank deposits post cash ban have been put in the 'doubtful' category, but action against them will follow only after the new tax amnesty scheme ends on March 31.
Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18
Tue, Jan 24, 2017
As the Government of India prepares to announce its Union Budget 2017-18 in February, its unlikely to budget a fiscal deficit target higher than 3.5% of gross domestic product (GDP) for the fiscal year 2017-18 (FY18), said ICRA in its latest report on Budget 2017 expectations.
Foreign accounts, property, bullion can't be disclosed under Pradhan Mantri Garib Kalyan Yojana Scheme: Govt
Wed, Jan 18, 2017
Drawing a line for disclosure under the new tax evasion amnesty scheme, the government on Wednesday said only unaccounted domestic cash holding can be declared through it and not jewellery, stocks, immovable property or overseas accounts.
Govt likely to meet fiscal deficit target of 3.5% of GDP in FY17: DBS
Wed, Jan 04, 2017
Government is expected to meet the fiscal deficit target of 3.5% of GDP in the current financial year, despite recent demonetisation move and potential delay in roll out of the Goods and Services Tax (GST), says a report.
War on black money round up: Seven initiatives that PM Modi took in 2016
Fri, Dec 30, 2016
From voluntary disclosures to forced restrictions, this year saw many initiatives by the government as they tried to curtail black money usage in India.
Demonetisation will push GDP growth to 10%: Arjun Ram Meghwal
Sun, Dec 04, 2016
Demonetisation will lead to a spurt in economic activity, which will in turn push gross domestic product (GDP) growth to 10%, Union minister Arjun Ram Meghwal has said.
Rs 13,860 crore declared in IDS ''not mine'': Mahesh Shah
Sat, Dec 03, 2016
Mahesh Shah, a businessman from Gujarat who made a surprising disclosure Rs 13,860 crore in unaccounted wealth under the Income Declaration Scheme (IDS) two months ago, said on Saturday he was used as a front by some businessmen and politicians to declare the money and would name them soon.
Panel Discussion on IDS's undisclosed income declaration
Sun, Oct 02, 2016
Panel Discussion on IDS's undisclosed income declaration. Watch complete news story of News @ 5:00 PM for getting detailed updates!
IDS gets huge positive response as 64,275 persons declared the Rs. 65,250 Cr undisclosed income
Sun, Oct 02, 2016
IDS gets huge positive response as 64,275 persons declared the Rs. 65,250 Cr undisclosed income. Watch complete news story of Headlines @ 5:00 PM for getting detailed updates!
Response of IDS in Ahmedabad Income Tax office
Fri, Sep 30, 2016
Response of IDS in Ahmedabad Income Tax office. Watch complete news story of News @ 5:00 PM for getting detailed updates!
Black Money: Govt extends working hours for receiving income tax declarations
Wed, Sep 28, 2016
With two more days left for the Income Declaration Scheme (IDS) to come to a close on September 30, the government has extended the working hours for receiving such declarations, an official said.
With three days to go, Income Declaration Scheme may not reap desired results
Wed, Sep 28, 2016
The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won`t be pursued by the authorities if they pay a penalty now to clear their name.
Discussion | Failure of Income declaration scheme and CBDT's raiding small businessmen, Part-I
Fri, Sep 23, 2016
Failure of Income declaration scheme and CBDT's raiding small businessman. Watch complete news story for getting detailed updates!
CBDT extends date for filing tax returns under IDS to Oct 17
Fri, Sep 09, 2016
In a move to remove inconvenience and facilitate smooth process of filing tax returns under the Income Declaration Scheme (IDS), the Central Board of Direct Taxes (CBDT) has extended the date for taxpayers to October 17, Zee Business news channel reported on Friday.