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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......

CBDT Uncovers Rs 290 Bn Foreign Assets

 In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India. Kindly note......

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......

'Declare overseas assets, will be difficult to hide'

 Armed with automatic information exchange pact with the US, government on Thursday asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to......

India, US sign FATCA to fight tax evasion

 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......

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