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Offshore Voluntary Disclosure Initiative

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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......

Battle over tax disclosure continues

The Department of Treasury has finally responded to a letter by a coalition of Indian-American organisations, led by the Global Organisation of People of Indian Origin (GOPIO), but reiterated the......

Penalties: Indian Americans seeks Obama's help

Fearing unfair and unprecedented penalties if they fail to disclose their foreign bank accounts by August 31 under a new IRS regulation, several Indian American groups have sought the intervention......

Indians in US discuss tax woes with IRS

With the August 31 deadline for the Offshore Voluntary Disclosure Initiative nearing, four community representatives met Internal Revenue Service officials in Washington, DC, August 18, to voice......

Black money: Muthuraman for amnesty scheme

New CII President B Muthuraman on Wednesday said an amnesty scheme for unearthing black money is feasible provided the government gives a strong message that those not declaring this type of funds......

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