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$The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited \suspicious\ amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo: AFP/Representational)$ India

Indian economy coming out of twin shock of DeMo, GST: report

The ratings agency, however, cautioned on the possible widening of the current account deficit due to rising oil prices.

9 May 2018 8:36 PM IST

RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

Urjit Patel likely to appear before parliamentary panel tomorrow

Patel is scheduled to appear before the Parliament's Standing Committee on Finance headed by Congress leader Veerappa...

11 Jun 2018 7:20 PM IST

Cash recovered by Income Tax department from a bank locker in Pune. (Photo: PTI)

Currency with public hits record at over Rs 18 lakh crore

After the recent cash crunch, the government had announced that printing of Rs 500 notes would be stepped up.

10 Jun 2018 12:19 PM IST

Congress leader Randeep Singh Surjewala (Photo: PTI/File)

Congress targets govt over note ban

Says Guj bank got highest amount of demonetised notes in just 5 days.

23 Jun 2018 1:06 AM IST

The seizure of demonetised notes has been highest in Thane, where the police registered 39 cases in which Rs 15 crores worth currency notes were seized.

4 held in Ahmedabad with demonetised currency notes worth Rs 99.99...

All four are local residents and were nabbed from near a mall at Chandkheda crossroad on Saturday night, the official...

17 Jun 2018 8:37 PM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

IT Dept detects Rs 10,767 cr undisclosed income during fiscal 2017-18

Official said action is being taken in more than 6000 cases by the assessing officer.

16 Jun 2018 6:32 PM IST

Shiv Pratap Shukla said, The money that was lying in peoples lockers which was not being used, was then deposited into banks. It then came in use for the nation, thus became jan dhan.(Photo: ANI)

Kala dhan' became jan dhan' after demonetisation, says MoS Finance

MoS said that though people had to face difficulty in the initial days of demonetisation, now the benefits of the move...

16 Jun 2018 3:09 PM IST

The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

'Kala dhan' has now become 'jan dhan', claims MoS Finance Shukla

Over 99 per cent of the scrapped notes came back into the system, creating excess liquidity.

16 Jun 2018 2:49 PM IST

Mamata Banerjee

Mamata Banerjee slams Centre over increase in flight of money

Swiss Bank money flying. India losing, Ms Banerjee wrote on her Twitter handle this evening.

30 Jun 2018 6:31 AM IST

Representational image

Rs 997.19 crore was seized during demonetisation'

From November 2016 to May 2017, Rs 17,526 crore of undisclosed income was detected and Rs 1003 crore were seized.

25 Jun 2018 6:27 AM IST

GDP stands for Gross Domestic Product.

Positive signals on growth are evident

The government should do all that it can to encourage private investment and affordable low-cost housing.

5 Jun 2018 5:48 AM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

Over 2 lakh non-filers filed IT returns in FY'18, paid Rs 6,416 cr tax

Collection of personal advance tax and personal self-assessment tax grew 23.4 per cent and 29.9 per cent respectively.

7 Aug 2018 6:01 PM IST