Non-reporting of overseas income by employers may be categorised as 'abetment' under the Act.
Under the new rules, users must take a "live selfie" using software that verifies their presence, typically through eye-blinking or head movement. The measure helps prevent the use of static photos or deepfakes.
After resisting for more than three years, the Centre on Tuesday revealed names of 18 persons in the Supreme Court who allegedly stashed black money with the LST bank in Liechtenstein and against whom prosecution have been launched by the Income Tax department.
The government on Saturday said it has served notices to 17 persons who allegedly kept untaxed money in foreign banks and prosecution has begun against them, but refused to reveal their names. The comments, made by Finance Minister Pranab Mukherjee, came a day after some media reports revealed names of 15 entities, including individuals and trusts, who allegedly kept illicit money in LGT Bank of Liechtenstein, an European country neighbouring Switzerland.
Finance Minister Pranab Mukherjee will announce the measures the United Progressive Alliance government intends to take to bring back the unaccounted money into the country and tighten the regulatory and tax framework to prevent further illegal outflows.
'Then why should people like us face this inconvenience?'
There is a clever modus operandi to keep the identity of the stash holder under wraps.
'The unexpected turn of events and assertion of sovereignty by the Taliban has baffled the Pakistan security establishment.'
What we are watching is something different: A fog manufactured and maintained by the people who started the war, so that the question of why it was started never has to be answered, observes Prem Panicker in his must read blog on the war in the Middle East.
Janata Party President Subramanian Swamy on Monday met Central Bureau of Investigation director and demanded registration of cases against Indians who have allegedly stashed away money in foreign banks.
Last month, the DRI had claimed to have busted over Rs 1,000 crore hawala racket in Punjab.
"Does that mean the Enforcement Directorate mislead Supreme court? It seems so. This is very serious. I am surprised to know about the judgment," said apex court's topnotch lawyer Harish Salve reacting to a Mumbai court's rejection to the plea by the ED seeking remand of Hasan Ali Khan for his custodial interrogation in a money laundering case.
Switzerland says it is not a tax haven.
Tax department has launched 60 prosecutions.
Tax collection at source on purchase, in cash, of bullion or jewellery in excess of Rs 2 lakh is one step announced.
Describing black money as the 'black godmother' of all evils engulfing the country, Law Commission chairman P V Reddy said on Wednesday that to tackle the menace, the government needs to unleash a 'fear psychosis' on wrongdoers that they will be detected and punished.
India Inc reacted cautiously to allegations on Swiss a/cs.
A profile of B Sudershan Reddy, former Supreme Court judge and Opposition's vice presidential candidate, highlighting his career, judgments, and contributions to constitutional law.
Proposed scheme will not provide immunity to tax defaulters.
Indrani Mukerjea, in pure white, sporting dancing pearl jhumkas, bobbed about the accused box, occasionally floating up front to whisper urgent suggestions to her lawyer Ranjeet Sangle as retired cop and prosecution witness Dinesh Kadam gave her a long look. Vaihayasi Pande Daniel returns to cover the Sheena Bora murder trial after 18 months.
The government of India took note about the money kept by the Indian tax eva-ders in Swiss Banks, which is estimated at around $462 billion.
'In three years, you will have an AI model that will be smarter than the smartest mathematician or the smartest scientist.'
'The larger and more opaque this shadow economy becomes, especially online, the greater the risk to India's national security.'
The 68th Grammy Awards began at the Crypto.com Arena in Los Angeles.
In the midst of a row over tainted money stashed in banks in Switzerland, the government on Tuesday said it will begin talks with that country in December for amending the relevant treaty and it was not interested in a "roving inquiry".
Chief Election Commissioner S Y Quraishi talks to Kavita Chowdhury on the need to speed up electoral reforms.
As the new Income Tax (I-T) Act, 2025 moves towards implementation from April 1, 2026, the finance ministry is reviewing and simplifying the compliance forms used by charitable institutions. Debjyoti Das, principal chief commissioner of income tax (exemption), said the new Act has already reorganised exemption provisions into a clearer and more coherent structure, and the accompanying procedures and forms are now being examined.
The nations dominating the world's milk output...
Lionel Messi's much-hyped visit to the Salt Lake Stadium in Kolkata on Saturday lasted 22 minutes, just enough to underline everything that is wrong in Indian football and the state administration's mismanagement.
'Sunny sir was very different from what we imagined -- calm, shy, and soft-spoken. He didn't talk much, just smiled gently.'
Security forces say Naxals have amassed nearly Rs 1,500 crore through extortion, kidnapping, looting and the narcotics trade.
'When markets go into a budget with excessive optimism, the risk of disappointment is higher.'
Political parties in West Bengal, including the ruling TMC and opposition BJP, have condemned the organizers of an event featuring Lionel Messi in Kolkata after it descended into chaos due to spectators' inability to properly view the football star. Demands for action and accountability have been made.
The stage is set for a direct contest between NDA nominee C P Radhakrishnan and joint opposition candidate B Sudershan Reddy for the September 9 vice-presidential election. Nominations have been scrutinized and accepted.
A team would soon be visiting Switzerland to hold talks with the Swiss authorities in an effort to unearth unaccounted for money stashed away by Indian nationals, Finance Minister Pranab Mukherjee has said. The government has finalised dates to renegotiate existing treaties with Switzerland and Belgium to broaden the scope for bringing back money parked illegally by Indians in foreign banks.
Karan Fries is a synthetic cow breed developed by the National Dairy Research Institute, Karnal.
Zohran Mamdani, of Indian descent, was sworn in as the 112th Mayor of New York City, marking a historic moment as the first South Asian and Muslim to hold the position. The ceremony took place in an old subway station, symbolizing a new era for the city.
The stage is set for a direct contest between NDA nominee C P Radhakrishnan and joint opposition candidate B Sudershan Reddy for the vice-presidential election. The BJP-led alliance has a clear edge in the poll necessitated due to the sudden resignation of Jagdeep Dhankhar.
Where are the most oil reserves in the world? Who owns them? Find out!
