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Overseas Assets
Overseas Assets News
black money
02 Oct 2015
Those did not take advantage of black money compliance window will regret: Das
Only 638 declarations for a total overseas wealth totalling Rs 3,770 crore were made during the 90-day compliance window under the Black money (undisclosed foreign income and assets) and Imposition of Tax Act, 2015.
black money
30 Sep 2015
No action under FEMA for disclosures during black money window
Government has clarified that all those declaring overseas assets during the black money compliance window will not face any penalty or prosecution under FEMA and four other laws.
black money
09 Jul 2015
Black money: Declare overseas assets, will be difficult to hide, says govt
Armed with automatic information exchange pact with the US, government Thursday asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to hide unaccounted assets in future.
Overseas Assets
15 May 2015
State-run oil firms keen to snap up overseas assets: Minister
As many overseas oil and gas assets have become low-hanging fruit following the massive crash in crude prices, Oil Minister Dharmendra Pradhan on Friday said the government wants state-run oil companies to buy up assets abroad, particularly in Latin America.
black money
18 Mar 2015
Short window to declare overseas assets under black money law
The Union Cabinet last night approved the Undisclosed Foreign Income and Assets (Imposition of New Tax) Bill, 2015 with a view to put in place a legal framework to unearth black money and illicit assets stashed abroad.
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