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01 Jun 2016

Compliance window for domestic black money opens today

New Delhi: The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45 percent on such assets opened on Wednesday.

02 Mar 2016

Compliance window for black money holders is no amnesty: FM

Finance Minister Arun Jaitley on Wednesday said the domestic black money holders being offered a limited period compliance window to come clean is not an amnesty scheme as disclosures will be charged at 45 percent as against the normal rate of 30 percent.

04 Oct 2015

Govt to soon make PAN must for cash spending beyond a limit

To check generation of domestic black money, the government will soon make it mandatory to furnish PAN card details for cash transactions beyond a certain threshold, Finance Minister Arun Jaitley said on Sunday.

30 Oct 2014

I-T dept should not lose sight of domestic black money: Jaitley

Addressing the senior officers of the Central Board of Direct taxes (CBDT), he asked tax officials to be assessee friendly while aiming at widening the tax base.

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