Tag Archives: Black Money
ED Arrests CA Of Lalu’s Daughter Misa Bharti
The Enforcement Directorate on Tuesday arrested the chartered accountant of RJD chief Lalu Prasad's daughter Misa Bharti in connection with an alleged money laundering case. An ED official told IANS that Rajesh Agarwal was arrested from Delhi for alleged money laundering and involvement in the bl..
Chemicals, Construction, Mining Among 11 Sectors Seen Generating Black Money
Chemicals and chemical products, construction, land transport, agriculture, petroleum products, iron and metallic products, are among the 11 sectors seen as "more prone to generation or utilisation of unaccounted incomes", according to a government-commissioned report on black money. Electricit..
‘After Note Ban, Dodgy Money Converted Into Gold, Stored In Shell Companies’
The massive hunt for undeclared cash launched across the country post demonetisation has revealed that this was either converted into gold or routed through shell companies to make it legal tender, IT sleuths have told IANS. Income Tax officials said black money holders avoided the bank-deposit r..
Modi’s War On Black Money Incomplete Without Taxing Farm Income
Taxing agricultural income has always been a politically sensitive topic. This was evident last week after NITI Aayog member Bibek Debroy spoke in favour of this above a certain threshold. Immediate clarifications followed that the official stance was not the same. Throughout the history of indep..
Deadline To File PMGKY Declarations Extended To May 10
The government on Friday extended the date for filing declarations by black money holders about tax payment and deposits under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) till May 10, an official statement said. "The Central Board of Direct Taxes (CBDT) has extended the date of filing of decla..
5 Facts About Indian Black Money In Swiss Banks
1. Rs 9,000 crore or 2 billion in the Swiss Banks are held by Indian accounts.the total amounts stashed in the Swiss banks are Rs 90 lakh crore. more than 2 billion, the deposits were made by individuals from Indian entities. 2. In the years 2001 to 2008, the ..
ED Launches Nationwide Crackdown On Shell Companies; 100 Locations, 16 States Under Radar
The sleuths of Enforcement Directorate (ED) launched a nation-wide operation and conducted searches at 100 locations in 16 states as part of crackdown on shell companies. According to reports by an officials multiple teams of the ED today visited these locations and raided the premises of about 3..
Gujarat: Fake Currency Worth Rs 3.92 Cr Seized In Rajkot
Fake currency notes with a face value of Rs 3.92 crore have been seized from a car belonging to a city-based financier lodged in jail, police said today. The currency notes were suspected to be printed by Ketan Dave, a city-based financier, who is presently in judicial custody on charges of cheat..
Cash Source Of Black Money Generation: Goyal
Dismissing talk about corruption levels going up after demonetisation with tax officials allegedly asking for heavier bribes, Power Minister Piyush Goyal on Friday said that it is currency which is the source of black money generation. "The flow of generation of black money begins with currency,"..
Black Money Holders Also Hit By Note-Ban: Economic Survey
Examining the government's recent demonetisation measure to combat black money, the Economic Survey for 2017 presented on Tuesday said though India's lower middle class and rural population may have been the worst hit by move, black money holders also suffered in the process. It also attempts to ..