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

Black money: Taxmen to launch assessment of defaulters from Jan

CBDT has asked the taxman to finish the process of serving notices to such entities by December 31.

27 Nov 2017 8:53 PM IST

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

CBDT asks I-T dept to impose 'higher tax rate' on fraud revised ITRs

The idea behind the directive is that the provision of filing revised ITR is not misused and black income is not shown...

26 Nov 2017 6:41 PM IST

Old Rs 1,000 and Rs 500 notes were scrapped on November 8, 2016.

Rs 15 crore bank deposits made post note ban declared 'benami'

The deposits were declared 'benami' in the ruling in one of the first adjudication cases of the new anti-black money...

26 Nov 2017 4:31 PM IST

The report had created panic among some businesses on how large transactions will be done if there is no other alternative set up before banning cheque books. (Photo: Pixabay)

Govt has no plans to ban your cheque books now

A senior CAIT official had recently been reported as saying that the government was planning to ban cheque books.

24 Nov 2017 9:42 AM IST

Congress president Sonia Gandhi and party vice-president Rahul Gandhi.

Tough policy decisions need more than absolute majority

In the context of the demonetisation and GST reforms, surely certain things could have been done a little better with...

24 Nov 2017 12:10 AM IST

Union minister P P Chaudhary.

Govt working on data mining of deregistered companies

Around 50,000 deregistered companies deposited and withdrew about Rs 17,000 crore during demonetisation.

23 Nov 2017 2:15 PM IST

Note ban no blow to Maoists? Security finds docs on how they exchanged scrapped currency

Note ban no blow to Maoists? Security finds docs on how they exchanged...

Balance sheets recovered in Narayanpur encounter show how Maoists successfully exchanged old notes during...

23 Nov 2017 12:14 PM IST

Prime Minister Narendra Modi addressing at the Centenary Celebrations of Patna University, in Patna, Bihar. (Photo: PTI)

With oil prices rising, try more self-reliance

Natural gas resources, of which there is no dearth, need to be developed.

23 Nov 2017 1:40 AM IST

The Centre, in its move towards a digital economy may soon ban cheques. (Photo: Pixabay)

No more cheque books! Modi govt may ban them to boost digital economy

This move may cause severe inconvenience for traders, 95 per cent of whose transactions are via cheques and cash.

22 Nov 2017 11:06 AM IST

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

Moody's defends decision to upgrade India's ratings

The rating agency said that the number of reforms will combine to enhance India's structural credit strengths.

22 Nov 2017 2:44 AM IST

Addressing a press conference, Congress leader in the Lok Sabha Mallikarjun Kharge took a swipe at Prime Minister Narendra Modi saying he is Brahma, he is the creator as it was only he who knew when the Winter Session of Parliament would be convened. (Photo: PTI/File)

BJP avoiding Winter Session to evade debate on Rafale deal, GST: Cong

Gandhi on Monday accused Modi of sabotaging the Winter Session on flimsy grounds by 'locking the temple of democracy'.

21 Nov 2017 5:23 PM IST

Shiv Sena President Uddhav Thackeray. (Photo: PTI)

Modi's demonetisation turned people into beggars: Shiv Sena

The Sena also accused the Modi government of lavishing money on advertisements to claim credit.

21 Nov 2017 3:37 PM IST