Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Measures to effectively tackle the issue of black money

News and Press Release - Dated:- 25-11-2016 - Press Information Bureau Government of India Ministry of Finance 25-November-2016 17:16 IST Analysis of seizure of valuables and admission of undisclosed income during searches conducted by Income-tax Department during last three financial years indicates that the persons searched were involved in multiple activities in varied sectors and it may not be feasible to comprehensively apportion the undisclosed income detected amongst the specific sectors. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

me admitted u/s 132(4) of the Income-tax Act, 1961 [in Rs. crore] 2013-14 569 807.84 10791.63 2014-15 545 761.70 10288.05 2015-16 445 712.68 11066.24 Action against tax evasion/black money is an on-going process. Such action under direct tax laws includes searches, surveys, enquiries, assessment of income, levy of penalties and filing of prosecution complaints before criminal courts, wherever applicable. In recent times, the Government has taken several . Such measures include putting in place r .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version