News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« News Headlines »
 Notification No.76/2019 Central Board Of Indirect Taxes And Customs
  What to do if you haven’t got tax refund yeta
 Section 35D of the Income Tax Act, 1961 deals with the Amortization of Expenditure incurred in respect of Preliminary Expenses.
 Notification No. 80/2019 Central Board Of Direct Taxes
 Notification No. 79/2019 Central Board Of Direct Taxes
 This major tax deadline is today. What you need to know
  Notification No. 77/2019 Central Board Of Direct Taxes
 Waiting for income tax refund? Here is how you may check and give refund reissue request
 How To Check Status Of Your Income Tax Refund
 Missed the ITR filing deadline? You can still file tax return for FY 18-19 by this date
 25 LPA-Opening Chartered Accountant - Manager Finance & Accounts - Retail

Govt receives info about 7700 cases of blackmoney: FinMin
September, 07th 2011

The government today said it has collected specific information from treaty countries on 7,704 cases where payments were received from non-residents in various countries over the past two years and was investigating the cases.

"In the last 24 months Income Tax Department have collected 7,704 discrete items of information from treaty countries containing details of payments received by Indian citizens in various countries besides informations of LGT Bank accounts," the Finance Ministry said in its document on the measures taken to tackle black money.

This information, the Ministry added, is in various stages of processing and investigation.

The Ministry further said that based on the prosecution by the Central Board of Direct Taxes (CBDT) of the LGT bank accounts holders, the Enforcement Directorate is also taking necessary action under Foreign Exchange Management Act.

Besides, the government has made more than 175 requests to treaty partners in case of specific taxpayers in the 2009-10 financial year, it said.

While mentioning cross-border transaction, the Ministry said that special attention on such deals have resulted in collection of taxes of Rs 22,697 crore in the last fiscal.

"The CBDT has also raised demand of Rs 11,218 crore in case of Vodafone involving a cross-border deal with a tax haven country out of which tax of Rs 2,500 crore has been collected in this month," it said.

On the Hassan Ali case, it said that Letters Rogatory have been sent out to five foreign jurisdictions and "part replies have been received from some of them and further supplementary Letters of Request are also being issued".

The Finance Ministry has also received about 3,300 suggestions from public on ways to deal with black money.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions