Corporate Law : Explore the Prevention of Money Laundering Act (PMLA), its implications, recent amendments, and the role of financial professional...
Corporate Law : Dive into the nexus between Electoral Bonds and money laundering in India, exploring legislative challenges, compliance requiremen...
Income Tax : This type of black money primarily originates from illegal cash transactions. These funds often end up in foreign banks, making it...
Income Tax : Explore implications of Black Money Act on foreign assets and income for residents. Understand disclosure requirements, penalties,...
Income Tax : Explore the rules, tax implications, and measures against black money in real estate transactions. Understand the impact on the in...
Income Tax : Explore Income Tax Department's advisory on reducing cash transactions. Learn about societal, individual, and national factors dri...
Goods and Services Tax : GST Council recommended that State can decide on imposition of requirement of e-Way bill for intra-state movement of gold & preci...
Income Tax : Undisclosed credits of Rs. 20,353 crore detected with respect to 930 India linked entities in Panama and Paradise Paper Leaks As o...
Income Tax : As on 31.05.2021, assessment orders under section 10(3)/10(4) of the Black Money Act, 2015 have been passed in 166 cases, wherein ...
Income Tax : Media reports allude to the fact that the figures reported are official figures reported by banks to Swiss National Bank (SNB) and...
Income Tax : Read Madras High Court's judgment granting 45 days to obtain bank statements for tax case under Black Money & Income Tax Act....
Income Tax : Delhi High Court allows NRI businessman to travel, quashing the LOC opened for investigation under the Black Money Act, setting co...
Income Tax : Explore Delhi High Court's decision allowing the revenue to challenge Black Money Act proceedings in PCIT vs. Ashok Kumar Singh. D...
Corporate Law : Delhi High Court held that PayPal is liable to be viewed as payment system operator and obliged to comply with reporting entity ob...
Income Tax : In the case of Vikash Marda Vs Union Of India, the Calcutta High Court instructs CIT(A) to expedite pending appeals concerning ass...
Corporate Law : Explore 2023 updates to Prevention of Money-laundering (Maintenance of Records) Rules. Learn how these changes impact trust, contr...
Income Tax : CBDT notifies Special Courts in Odisha vide Notification No. 127/2022-Income Tax | Dated: 26th December, 2022 under Black Money ...
Income Tax : Designation of the Courts in the Himachal Pradesh Special Courts for the purposes of section 280A of the Income tax Act, 1961 and ...
Income Tax : Notification No. 68/2022- Income Tax- Designation of Courts in Uttarakhand as Special Court for the purposes of section 280A of t...
Income Tax : Vide Notification No. 44/2022-Income Tax, Dated: 22.04.2022 CBDT designates Court in the State of Madhya Pradesh as the Special C...
Understanding Taxation of Black Money: Income Tax Act 1961 provisions on undisclosed foreign income/assets, tax rates, FMV calculations, and penalties.
CBDT notifies Special Courts in Odisha vide Notification No. 127/2022-Income Tax | Dated: 26th December, 2022 under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) (INVESTIGATION DIVISION-V) New Delhi Notification No. 127/2022-Income Tax | Dated: 26th December, 2022 S.O. 6066(E).—In exercise […]
Designation of the Courts in the Himachal Pradesh Special Courts for the purposes of section 280A of the Income tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 vide Notification No. 120/2022 – Income Tax |Dated: 11th November, 2022. MINISTRY OF FINANCE (Department […]
Delhi High Court held that High Court had disposed of the Letters Patent Appeal as the Appellate Tribunal was not functional, however order was passed when the Appellate Tribunal became functional. Accordingly the order passed in LPA will not come in the way of the parties as an equally efficacious alternative remedy available before the Appellate Tribunal.
Unveiling the intricacies of black money law. Understand the provisions, procedures, and rationale behind this substantive law on undisclosed foreign income and assets.
फर्जी आनलाइन पाठ्यक्रमों और विदेशी मुद्रा ट्रेडिंग के नाम पर गठित कंपनियां कर रही काले धन को सफेद बनाने का खेल हाल में ही कोलकाता स्थित केनरा बैंक की ब्रांच की शिकायत पर पुलिस द्वारा कार्यवाही की गई तो चौंकाने वाले तथ्य सामने आए: १. आनलाइन पाठ्यक्रमों के काम में लिप्त दो कंपनियों के खाते […]
Learn how Indian laws combat cash transactions through measures like demonetization, Benami Transactions Act, and Income-tax Act. Understand penalties and compliance to ensure financial transparency.
आपको जानकर हैरानी होगी कि रिजर्व बैंक की वार्षिक रिपोर्ट 2016-17 से लेकर अब तक यानि 2021-22 के अनुसार रिजर्व बैंक ने 2016 से लेकर अब तक 500 और 2000 के कुल 6849 करोड़ नोट छापे थे और उनमें से 1680 करोड़ से ज्यादा नोट सर्कुलेशन से गायब है जिसका मूल्य 9.21 करोड़ रुपये आता […]
GST Council recommended that State can decide on imposition of requirement of e-Way bill for intra-state movement of gold & precious stones
Vijay Madanlal Choudhary & Ors. Vs Union of India & Ors. (Supreme Court) (i) The question as to whether some of the amendments to the Prevention of Money-laundering Act, 2002 could not have been enacted by the Parliament by way of a Finance Act has not been examined in this judgment. The same is left […]
