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Government won't follow 'suicidal' course on black money: Jaitley

 Identity of 427 account holders abroad has been established and 250 of them have admitted to having accounts, Finance Minister Arun Jaitley revealed on Wednesday while asserting that the government......

Share of NRIs, overseas investors in mutual fund assets declining

 The share of non-resident Indians (NRIs) and overseas investors in Indian mutual funds has been declining over time, despite adding half-a-trillion rupees to holdings over the last five years.......

Income in US on I-T radar in FY23, non-disclosure to invite action

 The CBDT has rolled out an aggressive target and timeline to investigate tax evasion matters, especially those involving undisclosed foreign assets. Shrimi Choudhary reports. Illustration: Uttam......

'High-risk remittance' data under Income Tax lens

 The Income Tax Act empowers the CBDT to capture information in respect of payments to non-residents, whether taxable or not Illustration: Dominic Xavier/Rediff.com The reporting and certification......

Now, black money stashed in Singapore banks under govt lens

 India and Singapore had in 2013 amended the DTAA to help exchange banking and tax-related information more effectively. Illustration: Uttam Ghosh/Rediff.com Those hiding unaccounted income in......

How the super rich stash money abroad

 'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.' Illustration: Dominic Xavier/Rediff.com The Paradise Papers......

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