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The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

IT Dept detects Rs 10,767 cr undisclosed income during fiscal 2017-18

Official said action is being taken in more than 6000 cases by the assessing officer.

16 Jun 2018 1:02 PM GMT

Finance Minister Arun Jaitley addressing a press conference in New Delhi. (Photo: PTI)

Up to 85% penalty on undisclosed income

Further, the declarants have to deposit 25 per cent of the undisclosed income in a scheme to be notified by the...

28 Nov 2016 10:36 AM GMT

(Representational Image)

Edu bodies, real estate top black money hoarders

During 2015-16, I-T Dept conducted 445 searches which discovered undisclosed income of Rs 11,066 crore.

25 Nov 2016 10:27 AM GMT

Income Tax officials conducted a raid at Tamil Nadu Chief Secretary Rammohan Raos residence in Chennais Anna Nagar on Wednesday. (Photo: PTI)

I-T dept uncovers Rs 45,622 cr undisclosed income

116 persons were convicted of offences committed under the Act.

24 March 2017 10:30 AM GMT

The new notes seized by income tax officials. (Photo: ANI/Twitter)

'Undisclosed income' of 71,941 crore exposed by I-T searches in 3 yrs

Total undisclosed income was more than Rs 5,400 crore and total quantity of gold seized was 303.367 kgs.

23 July 2017 5:34 AM 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

Home ministry sources noted most developed nations now changed the security features of their currency notes every three to four years.

Rs 5,400 cr undisclosed income detected post note ban: Arun Jaitley

He claimed that no other government had taken so much action against black money as the present regime.

12 April 2017 5:31 AM GMT

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Deposits under PMGKDS can be made till April 30

Date of deposit and uploading would not be extended beyond April, 30 2017.

20 April 2017 5:19 AM GMT

According to government estimates, there is Rs 400 crore of fake currency in circulation in the economy at any given point of time.

Chhattisgarh: Man who never filed ITR declares Rs 10 crore to IT dept

The department did not disclose the identity of the man as they said investigations in the case are still ongoing.

23 Dec 2016 5:36 AM GMT