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The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

Stash scheme digs out Rs 4.900 crore

The Income Tax Department, a top government official said, has collected a tax of Rs 2,451 crore till now from these...

7 Sep 2017 10:44 PM GMT

The amendments are progressive in nature and puts to rest to the uncertainty on the penalties on the amounts deposited in bank accounts post announcement of demonetisation.

I-T Act amendment a 'win-win', to boost govt revenues

Under the PMGKY blackmoney declarants have to mandatorily park 25 per cent of that wealth in zero-interest,...

28 Nov 2016 2:54 PM GMT

The money recovered by ED. (Photo: ANI)

Rs 100 crore black money: I-T raids at 50 locations across India

This is the first major I-T action after the black money window of the Pradhan Mantri Garib Kalyan Yojna.

6 April 2017 2:49 PM GMT

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

I-T warns against cash dealings of Rs 2 lakh, seeks tip-off

In the 2017-18 Budget, Finance Minister Arun Jaitley had proposed to ban cash transaction of over Rs 3 lakh.

2 Jun 2017 8:02 AM GMT

Defence Minister Arun Jaitley (Photo: PTI)

Blackmoney amnesty scheme response poor

Arun Jaitley said the PMGKY was not an isolated scheme launched in 2016 and the response to PMGKY should not be seen in...

1 Jun 2017 8:54 PM GMT

Defence Minister Arun Jaitley. (Photo: PTI)

Response to PMGKY 'not so good', only Rs 5,000 crore declared: Govt

Govt had come out with PMGKY giving them time until March-end to come clean by paying tax and penalty.

1 Jun 2017 10:18 AM GMT

Prime Minister Narendra Modi. (Photo: AP)

No need for women to change names on passports after marriage: Modi

Modi said his government was committed to empowering women and spelled out a slew of schemes and measures.

13 April 2017 4:05 PM GMT

As the four occupants, including a woman, failed to give any satisfactory explanation about the source of cash in their possession, they have been detained, police said. (Photo: Representational Image)

Govt to notify scheme for taxing black money holders this week

Declarants also have to park a quarter of the total sum in a non-interest bearing deposit for four years.

12 Dec 2016 9:16 AM GMT