Tag Archives: Black Money

CIT (Appeals) jurisdictions assigned under Black Money Act 2015 by CBDT

By | April 17, 2018

MOST URGENT F. No. 279/Misc./M-44/2018-(ITJ) Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes Audit & Judicial Division New Delhi, Dated: 16th April, 2018 To All Principal Chief Commissioners of Income-tax Madam/ Sir, Subject: Notification in respect of assigning jurisdiction to Commissioner (Appeals) under the Black Money (Undisclosed Foreign Income and Assets)… Read More »

Steps taken by Government of India to curb generation of black money

By | March 10, 2017

Steps taken by Government to curb the generation of black money Action against black money is an on-going process. Such actions include policy-level initiatives, effective enforcement action on the ground, putting in place robust legislative and administrative frameworks, systems and processes with due focus on capacity building and integration and mining of information through increasing… Read More »

Retrieval of Black Money stashed in Foreign Countries : Indian Govt Steps

By | November 22, 2016

Retrieval of Black Money stashed in Foreign Countries The Government has taken several measures to effectively tackle the issue of black money, particularly black money stashed away abroad. Such measures, which are an ongoing process, include putting in place robust legislative and administrative frameworks, systems and processes with focus on capacity building and integration of… Read More »

Sugggestions to FM by judges to stop Converting black money into White

By | November 11, 2016

The Chairman and Vice-Chairman, SIT on Black Money & Former Judges of the Supreme Court of India, Justice MB Shah and Justice Arijit Pasayat in a jointly written letter to the Union Finance Minister, Shri Arun Jaitley: The Government has taken a bold step to demonetize Rs. 500 and Rs.1,000 notes.  The Chairman, SIT on… Read More »

Indian Govt White Paper on Black Money

By | November 11, 2016

GOVERNMENT’S WHITE PAPER ON BLACK MONEY PRESS RELEASE, DATED 16-5-2012 Foreword In the past year the public discourse on the issue of corruption and black money has come in the forefront with the active participation of the civil society and our Parliamentary institutions. Two issues have been highlighted in this debate. First, several estimates have… Read More »

Rs 500 and Rs 1000 Note aboilshed in India: Historic Announcement

By | November 9, 2016

Historic announcements on ending corruption and black money by PM; Five hundred and one thousand rupee notes will no longer be legal tender from midnight tonight In a historical move that will add record strength in the fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes, the… Read More »