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$The CBDT has asked the taxman to scrutinise cases where a taxpayer has filed a revised income tax return (ITR) post demonetisation and directed them to slap \higher tax rate\ in instances where black money is detected. (Photo: AFP/Representational)$ Business

Demonetisation led to more tax collection, higher growth: Jaitley

Was the invalidation of the non-deposited currency the only object of demonetisation? Certainly not, Jaitley said in a...

30 Aug 2018 6:19 PM IST

Congress president Rahul Gandhi attacks Prime Minister Narendra Modi on issues like demonetisation and Rafale fighter jet deal. (Photo: Screengrab | ANI)

India

Note ban wasn't mistake, but done to destroy poor: Rahul slams PM Modi

PM's decision to demonetise cash in circulation was a move to help crony capitalists convert their black money into...

30 Aug 2018 5:52 PM IST

The number of higher denomination of new Rs 500 and Rs 2,000 notes stood at 1.7 billion.

Business

Demonetisation all pain and no gain

RBI in its annual report for 2017-18 said counting the demonetised notes is over.

30 Aug 2018 9:47 AM IST

Students of Government college for women extend support to PM Narendra Modis step against blackmoney by holding new currency and his masks in Jammu. (Photo: PTI)

Metros

Where is the blackmoney: Bengal CM Banerjee asks Centre

In a post on Facebook, she said she now wanted to know where the blackmoney has gone?

30 Aug 2018 6:46 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Opinion

Jaitley returns as FM to cement his legacy

A rationalisation of the rupee exchange rate in end July and August made exports and domestic products competitive.

30 Aug 2018 12:17 AM IST

$The Income Tax Department will soon issue notices to those who have deposited \suspicious\ amounts of money in banks post-demonetisation and have not responded to taxmans preliminary communication. (Photo: PTI)$ Business