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Lok Sabha on Tuesday passed the Taxation Laws (Second Amendment) Bill, which proposes a steep up to 85 per cent tax and penalty on undisclosed wealth that is discovered by tax authorities during search and seizure. (Representational image)

Centre clarifies stand on inherited gold tax

Highlights old provisions on gold holding for assesse.

2 Dec 2016 6:37 AM IST

Congress vice-president Rahul Gandhi, along with party leaders Mallikarjun Kharge, Ghulam Nabi Azad and other leaders from Opposition parties, addresses the media after meeting with the President Pranab Mukherjee in New Delhi on Thursday. (Photo: PTI )

Govt flouted rules to pass new I-T bill, Oppn complains to President

Speaker Sumitra Mahajan had also overruled amendments which would require presidential assent.

2 Dec 2016 12:55 AM IST

The raid was carried out at the Chandni Chowk branch of the bank. (Photo: file)

Rs 100 cr found in 44 fake accounts in Delhi bank

A total of Rs 450 crore had been deposited in the branch since November 8.

9 Dec 2016 5:28 PM IST

I-T department has called in for additional staff, auditors, counting machines and banking personnel to ascertain the final figures of the recovered assets and formalise the seizure process under tax laws.

Cash trouble: New laundering methods

I-T Investigation Directorate sent out a few decoy customers seeking to exchange banned currency notes into new notes.

9 Dec 2016 3:00 AM IST

Kareena Kapoor Khan

Mumbai cyber crime police rope in two firms to track Kareena Kapoor's...

The police is searching for the internet protocol (IP) address to get the details about the person who hacked into the...

9 Dec 2016 3:17 AM IST

Jan Dhan sees dip in inflows

The average per account deposit in Jan Dhan accounts is Rs 13,113 for this entire period from 8th November to 2nd...

8 Dec 2016 1:17 AM IST

The action also follows the Centres four-month window for suspected tax dodgers in India to declare their hidden wealth. (Representational image)

400 cases reveal untaxed income worth Rs 2,000 crore

Over 30 such references have already been made to the ED, and are also being sent to the CBI.

7 Dec 2016 2:38 AM IST

As the four occupants, including a woman, failed to give any satisfactory explanation about the source of cash in their possession, they have been detained, police said. (Photo: Representational Image)

Rs 3.5 crore old cash seized from Karol Bagh hotel

Five persons have been detained and a massive hunt has been launched to trace the hotel owner.

15 Dec 2016 2:04 AM IST

S&P corporates and banks are likely to face short-term downside risk as the demonetisation-induced cash crunch will curtail GDP growth.

Income Tax dept to act against heavily revised' returns

The move aims to deter those trying to legitimise black money post-demonetisation.

15 Dec 2016 1:27 AM IST

The CBDT said it has noticed that taxpayers and professionals have not been able to keep up with the pace of change and hence wide gap has emerged between the initiatives undertaken by the department and the acceptance by the stakeholders.

Penal action if ITR 'drastically' changed: CBDT

Post demonetisation, some taxpayers may misuse provision in law to revise return filed by them.

14 Dec 2016 12:48 PM IST

Sources from the Thane police said that the police informed income tax officials and now they are interrogating the accused.

Thane: 3 held with Rs 1.04 crore black money

Police suspect that amount in new notes were acquired from banks in an irregular manner after exchanging them with...

14 Dec 2016 6:40 AM IST

Indians wait outside a bank to withdraw money on the outskirts of New Delhi, India. (Photo: AP)

Demonetisation: Longer queues may reappear at banks today

As per norms, when a high-value transaction takes place, the FIU has to be informed.

13 Dec 2016 2:40 AM IST