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News
Income Declaration Scheme 2016
Income Declaration Scheme 2016 News
Ahmedabad businessman
02 Dec 2016
OMG! This Ahmedabad businessman owes Rs 4,500 crore in taxes, but now missing - Read
He had revealed to the authorities that he had not disclosed an income of Rs13,860 crore. That puts him for a direct tax liability of Rs4,500 crore.
black money
03 Oct 2016
Hold your head high Mr. Tax Evader, you've disclosed your black money
IDS
01 Oct 2016
Rs 30,000 crore tax expected from IDS declarations: CBDT chief
The CBDT expects to mop up a tax revenue of Rs 30,000 crore, with 50 percent coming this fiscal, under the one-time domestic black money compliance window that has seen stash declarations to the tune of Rs 65,250 crore.
RBI
08 Sep 2016
Black money: Banks can accept tax dues in cash under IDS, says RBI
Under the Income Declaration Scheme 2016, which came into effect on June 1, one can come clean by paying tax, penalty and cess totalling 45 percent of the undisclosed income.
black money
14 Jul 2016
Black money: Income Declaration Scheme is not a seasonal sale, says FM Jaitley
Refusing demands to make the Income Declaration Scheme 2016 more attractive, Finance Minister Arun Jaitley on Thursday said the IDS is "not a seasonal sale".
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