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Income Disclosure Scheme News
Income Disclosure Scheme
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.
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.
Bring certain agricultural activities into income tax net: Experts tell Jaitley
Wed, Dec 21, 2016
In an attempt to curb people from converting black money into white, economists in their pre-budget consultative meeting with Finance Minister Arun Jaitley in New Delhi on Tuesday suggested the minister to bring certain type of agriculture income under tax net.
Finance Minister Arun Jaitley live press conference on IDS Scheme
Sun, Oct 02, 2016
Finance Minister Arun Jaitley live press conference on IDS Scheme. Watch this special segment and get to know more here.
Last day for declaring unaccounted wealth today
Fri, Sep 30, 2016
Those disclosing assets under the IDS will have to pay 45% tax with penalty.