Sunday , January 22 2017

Tag Archives: black money

Rs 3-4 lakh crore unaccounted money deposited in bank accounts: IT dept

IT dept

Besides, the IT Dept said Rs 25,000 crore worth of cash was deposited in dormant bank accounts. New Delhi: The Income Tax Department suspects that nearly Rs 3-4 lakh crore of uncounted income has been deposited in banks post the demonization drive that began 2 months ago and is scrutinizing ...

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Enforcement Directorate (ED) arrests Chennai criminal’s brother in money laundering case

enforcement-directorate-ed-arrests-chennai-criminals-brother-in-money-laundering-case

The Enforcement Directorate (ED) on Thursday said that it has arrested the brother of a Chennai-based criminal, wanted in several cases of extortion and murder, in connection with the money laundering probe against them. Senthil is the brother of Sridhar Dhanpal who is wanted in several cases of extortion and ...

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CBDT extends deadline for tax settlement scheme till Jan 31

cbdt

The scheme provides for waiving interest and penalties if the principal amount involved in retrospective tax cases is paid. New Delhi: Providing the companies like Vodafone and Cairn Energy one more month to accept its offer to pay retro tax disputes, the government has prolonged till January 31 its one-time ...

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Janardhan Reddy converted Rs 100 cr black money: Karnataka driver in suicide note

Karnataka mining baron Gali Janardhan Reddy.

The driver, in his suicide note also alleged that the Reddy paid 20 percent commission to a Karnataka officer. Bengaluru: The driver of a Karnataka Administrative Service officer committed a suicide on Tuesday, claiming that he ‘knew’ that politician and the mining baron Gali Janardhan Reddy converted Rs 100 crore ...

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Gold deposits over 500gm without known income sources will attract tax

gold-ornaments-you-can-possess

Govt says existing  IT Act regulations for gold holdings will apply to the gold monetization scheme as well  New Delhi: After Prime Minister Narendra Modi’s surgical strike on Demonetization on 500 and 1000 notes, wild buzzes have been spread on social media uttering the government’s next move is to seize ...

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Get 7-year jail for depositing your black money in friend’s account

black-money

The Benami amount (Black Money) in the bank account deposited post de-monetisation will be seized and confiscated. New Delhi: Warning people against depositing their Uncounted old Currency (Black Money) in someone else’s bank account, the tax department has determined to slap charges under the newly enforced Benami Transactions Act against ...

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