The Centre today assured the Supreme Court that it would reveal the names of persons, who have stashed black money in foreign banks after registering a formal case against them. Solicitor general Gopal Subramanium, appearing before a bench headed by

After deciding to deploy revenue service officers at eight overseas Income Tax units, the government will now depute IRS officers to an international economic body OECD to enhance Indian capabilities in tackling money laundering, tax crimes and bribe

Signals that Government may agree to formation of a JPC to probe the 2G spectrum scam emerged today after talks between government and the opposition to break the stalemate in Parliament ahead of the Budget Session. Coming out of the hour-long all-pa

Ahead of the Budget, Finance Minister Pranab Mukherjee today said exporters will have to “fight” their own battle and stop expecting fiscal incentives from the government. “Government only can play its part. Ultimately, exporters will have to compet

Finance Minister Pranab Mukherjee on Saturday yet again ruled out disclosing names of those who have stashed away money in tax havens abroad. He disclosed to the media that of the 18 names of secret account holders in a bank in Liechtenstein notices

Finance Minister Pranab Mukherjee today said steps have been taken to tame inflation but the government has no magic lamp to bring it down immediately. “You cannot expect that there is any magic wand or like Alladin’s magic lamp that you rub it and

India is considering allowing new private sector banks, including those by industrial houses, and a roadmap for the same could be announced in the Union Budget to be presented later this month.While the formal and final guidelines regarding who shoul

The government has constituted a group of experts to suggest measures to encourage tax evaders to disclose their unaccounted income voluntarily.The finance ministry’s move comes at a time when the country is debating a crackdown on black money.The la

The government said it has no plans to bring out a tax amnesty scheme to lure black money stashed away in foreign accounts. The finance ministry made this submission before Parliament’s standing committee on finance.

Finance minister Pranab Mukherjee today said the Centre is working at a “political level” with states for countrywide roll-out of goods and services tax (GST), but it may take some time to arrive at a consensus on the new indirect tax regime. “I am