Addressing Parliament on the first day of Budget session, President Pratibha Patil said steps have already been initiated for negotiations to enter into agreements for the exchange of information with major jurisdictions.
As per the official procedure, athletes have to submit bills within 15 days of the completion of a training or competition for which advance has been disbursed.
Shiv Sena functionary Rahool Kanal has said that comedian Kunal Kamra, who is facing a police case in Mumbai for making a derogatory remark against Deputy Chief Minister Eknath Shinde, will be welcomed in "Shiv Sena-style" when he comes to the city. Kanal also said the party has written to the Mumbai police demanding a probe against Kamra under the Foreign Contributions Regulation Act (FCRA) over foreign funding and unaccounted money. Kamra was summoned to appear before the Mumbai police on March 31 in a case related to derogatory remarks against Shinde. The Madras High Court granted interim anticipatory bail to the comedian on the condition that he execute a bond to the satisfaction of the judicial magistrate at Vanur in Villupuram district in Tamil Nadu.
Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.
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The Finance Ministry had set a time period of 18 months, which expired last year on August 21, for completion of the study.
The seizure of about Rs 40 lakh from two places in poll-bound Uttar Pradesh on Friday took the recovery of unaccounted money to the tune of Rs 27 crore, thereby creating a record of sorts in the run up to the forthcoming state assembly elections
Qatar's sovereign wealth fund is suing Byju Raveendran in Indian courts to recover $235 million from the embattled educational technology (edtech) entrepreneur, escalating a global legal battle that has ensnared one of India's most high-profile startup founders.
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.
Last November, ED conducted searches under the provisions of the PMLA at nine locations in Telangana.
Three institutes entrusted with the task to estimate amount say data collection a hurd#8804 to submit report by December.
As part of the probe, the ED has summoned representatives from both companies to appear before its Delhi headquarters on July 21.
The Allahabad High Court Bar Association has opposed the transfer of Delhi High Court sitting judge Justice Yashwant Varma, from whose official home a huge stash of cash was reportedly discovered. The association said that the Supreme Court's decision to transfer Justice Varma back to the Allahabad High Court was "taken aback".
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.
They said a 'mock poll' would be conducted in the Central Hall of the Samvidhan Sadan at around 2:30 PM on Monday after the briefing on the procedure to vote in the vice presidential polls.
The govt has framed a five-pronged strategy to fight the menace of tax evasion.
Tax collection at source on purchase, in cash, of bullion or jewellery in excess of Rs 2 lakh is one step announced.
Prime Minister Narendra Modi asked G20 nations to freeze and repatriate unaccounted money hoarded abroad.
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.
Finance Minister Arun Jaitley on Monday said the NDA government has done more work to fish out black money than any other previous government in a short span of two years and all efforts are afoot to book those who have not taken advantage of the disclosure scheme.
Might use it to counter Opposition campaign on land issue.
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.
The Central Board of Direct Taxes (CBDT) has signed up the country's three top economic think tanks to arrive at an official figure. This will help the government frame policies to tackle the problem.
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.
To curb the black money problem, Jaitley said that India would be entering into bilateral pacts with Switzerland and other countries for automatic exchange of tax information.
The ED had attached Sai Resort NX, constructed over the land located at Gut no: 446, Murud in Ratnagiri's Dapoli, in January.
The Enforcement Directorate on Tuesday questioned former Indian cricket team captain and Congress leader Mohammed Azharuddin for over nine hours in a money laundering case linked to alleged financial irregularities in the Hyderabad Cricket Association, official sources said.
Accusing the government of large scale corruption, Opposition parties in the Lok Sabha on Thursday asked it to disclose the names of those who have stashed unaccounted money in foreign banks.
The raids were linked to a sophisticated organised investment fraud scheme targeting unsuspecting individuals through fake mobile apps and WhatsApp groups.
Shiv Sena MP Sanjay Raut routed his unaccounted money through various shell companies opened in the name of his family members and associates, his former aide and prime witness in the money laundering case linked to the redevelopment of Patra 'chawl' project told the Enforcement Directorate (ED).
How will the government's decision to demonetise Rs 500 and Rs 1,000 notes help curb the creation and flow of black money into the Indian economy?
CAs not sure if individuals declaring unaccounted money will get immunity from reassessment as these provisions are not covered in the Bill.
A stream of people, including those from Rajasthan and Karnataka, walked into the only designated office before the closure of the one-time compliance window.
The Supreme Court of India has criticized the Enforcement Directorate (ED) for focusing solely on its own fundamental rights while pursuing a money laundering case related to the Nagrik Apurti Nigam (NAN) scam in Chhattisgarh. The court questioned the agency's attempt to transfer the case to New Delhi, noting that the agency's petition under Article 32 of the Constitution is typically reserved for individuals seeking redressal for fundamental rights violations.
Last week, the government had introduced the black money Bill.
The money is seized when the person concerned fails to furnish any evidence of it being part of the disclosed money.
The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians will be held in New Delhi on June 4.
It has the potential to burnish his image as a strong leader, bring down inflation and could turn out to be common man-friendly.
As the raids were completed, the I-T team took two managers of the distillery located at Sutapada to an unknown location for interrogation, they said.
Finance minister Arun Jaitley had recently sent a delegation to Switzerland and the members had returned with some positive movement.
