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......
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.......
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......
Fatca was passed in 2010, as a crackdown on tax evasion through offshore investments by US residents. One in every 10 mutual fund folios (accounts) in this country is yet to comply with the......
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......
To check offshore tax evasion, India and the US on Thursday signed an agreement to implement FATCA that will facilitate exchange of information between the two countries from October 1. The Foreign......