Friday, November 22

Tag: Black money

Tax Department To Eye Social Media Accounts To Trace Black Money
BUSINESS

Tax Department To Eye Social Media Accounts To Trace Black Money

The photos of your Singapore vacations trip or your brand new luxury car on Instagram or Facebook may lead the tax department on your doorstep if you're evasing tax or hold black money. The tax department from next month will begin amassing virtual information to trace such frauds. (more…)
Indian Finance Ministry Receives Over 38,000 Mails on Black Money Email id
INDIA

Indian Finance Ministry Receives Over 38,000 Mails on Black Money Email id

The email address launched by the Finance Ministry for getting tips about black money received over 38,000 emails, but only 16 per cent of them were forwarded for further inquiry, CBDT said in a reply to an RTI query earlier this month. Jitendra Ghadge, a city-based Right To Information activist, had asked for information about response to the email address 'blackmoneyinfo@incometax.gov.in', launched last December. The Central Board of Direct Taxes said in its reply dated April 7 that 38,068 emails were received, and 6,050 or about 16 per cent of them were forwarded to the respective Director Generals Of Income Tax (Investigation) for further inquiry. The remaining 32,018 emails were closed without any action, it said. To Ghadge's query about number of "false" emails received, ...
Move to Withdraw Rs 500, 1,000 Notes Master Stroke: Narayana Murthy
Entrepreneurs Talk

Move to Withdraw Rs 500, 1,000 Notes Master Stroke: Narayana Murthy

Terming the decision to demonetise Rs 500 and Rs 1,000 currency notes as a "master stroke", IT czar N R Narayana Murthy today said the move will address issues like black money and corruption and also help the economy become more digital. "Prime Minister is working hard to reduce corruption. Black money is a scourge on any developing economy. He (Narendra Modi) has been a great supporter of digital economy. So yesterday when he made the announcement, I thought it was a master stroke," he said at an event here. Murthy added that this hopefully will help reduce corruption and black money and also accelerate the move towards digital economy. Taking the nation by surprise, in a major assault on black money, fake currency and corruption, Prime Minister Narendra Modi yesterday announced...
Black Money Ka Black Magic – Balkrishna’s Wealth Story Has Something ‘Black’ says Expert!
News

Black Money Ka Black Magic – Balkrishna’s Wealth Story Has Something ‘Black’ says Expert!

Baba Ramdev close aide Acharya Balkrishna becoming one of the wealthiest persons of India has created a buzz. Business world, market analyst and financial experts have reacted cautiously but there are a few who spoke their mind. People are amazed to know that a saint, an Acharya has amassed 25,600 crore of wealth according to Hurun India Rich List 2016. Where does this come from and how did he do so? These were the questions asked by common man in the metro, in Bazar. We spoke to many expert and senior journalist about it. Some experts, with the condition of anonymity told Pixr8 about the alleged role of black money in the rise of Balkrishna’s wealth in particular, and Ramdev’s Patanjali Ayurved Limited in general. A financial expert and a journalist with a prestigious business channe...