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Income Declaration Scheme (IDS) News
Income Declaration Scheme (IDS)
Income Declaration Scheme to yield Rs 29,000 crore in taxes: FM Jaitley
Fri, Nov 18, 2016
Under the Voluntary Disclosure of Income Scheme (VDIS) 1997, 4.72 lakh people declared assets totalling Rs 33,697 crore.
Tax from IDS to cushion spectrum auction shortfall: FM Jaitley
Mon, Oct 10, 2016
He said every person who evades taxes is not discharging his national obligation.
IDS: Total black money collection may go up by Rs 75,000 crore
Tue, Oct 04, 2016
Government had offered a one-time chance, as part of the IDS, for holders of undeclared income and assets to come clean by paying 45% in tax and penalty.
Income Tax Dept to be "open" till midnight on Sept 30
Tue, Sep 27, 2016
Central Board of Direct Taxes (CBDT) will be open and working till midnight of September 30, 2016, it said in a statement.
CBDT clarifies unconfirmed reports speculating on the taxpayers response on IDS scheme
Thu, Sep 15, 2016
The board said,” It would like to clarify that these speculations are not based on any statements issued by the department.”
Income Tax return filing date extended to October 17
Mon, Sep 12, 2016
Earlier the due date of filing I-T returns were on September 30.
Income Tax department directs taxpayer to hurry up as IDS window deadline nears
Sun, Sep 11, 2016
The Income Tax Department on Sarturday directed the people involved with blackmoney to clear their taxes under the Income Declaration scheme as only 20 days left for the window to close for declaration.
Black Money: RBI directs banks to accept tax payment in cash
Fri, Sep 09, 2016
RBI said," The banks have been advised to ensure their branches invariably accept cash from all their customers who desire to deposit cash at the counters."
Nine measures taken by government to curb black money
Sat, Jul 30, 2016
Government has taken various measures such as policy-level initiatives, more effective enforcement action on the ground; putting in place robust legislative and administrative frameworks, systems and processes with due focus on capacity building, and integration of information and its mining through appropriate use of information technology.
Disciplining Black Money: Here's what Benami Transaction Bill is all about
Thu, Jul 28, 2016
Finance Minister Arun Jaitley tabled the bill in the Lok Sabha and said the legislation was predominately an anti-black money measure and its purpose is to seize benami property and prosecute those indulging in such activities, PTI reported.
Pay tax on your black money in instalments, Govt says
Thu, Jul 14, 2016
Were you distressed about not being able to meet the November 30, 2016 deadline to pay tax on your declared black money? The Government has heard you.
Black money compliance window: After completing a month, I-T dept creates special tab on website
Tue, Jun 28, 2016
IDS was announced by the government with an aim to flush out black money from the domestic economy.
FM Jaitley urges evaders to disclose income under IDS by Sept 30
Tue, Jun 28, 2016
The Centre has declared September 30 as the last date for making a declaration.
FM Jaitley likely to hold meeting on black money on June 28
Mon, Jun 27, 2016
According to sources, FM Arun Jaitley will conduct a meeting at 4 pm on Tuesday.
Come clean on undisclosed income by Sep 30 or face difficulties: PM Modi
Sun, Jun 26, 2016
The scheme was announced by the government with an aim to clamp down on black money in the country.