The Sena, a BJP ally, said in the last few days, there have been I-T raids on prominent political parties and their leaders in which large amount of cash is claimed to have been confiscated.
Corruption and the enticement of voters, either through cash or other benefits, is not looked down upon by a majority of people in the state. This is a disturbing fact.
A bench of Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna issued notice to Chidambaram's wife Nalini and their son Karti, who is contesting Lok Sabha election from Sivaganga constituency in Tamil Nadu.
"The Prime Minister had promised that if he failed to recover black money in 100 days, he is ready for punishment ofhanging in public.
The Centre vehemently supported the scheme saying that the purpose behind it is to eliminate the use of black money in elections and asked the court not to interfere with it at this stage and examine the whether it has worked or not only after the elections.
The amount was calculated by NIFM at 'current value' in August 2014, when the institute submitted its study to the NDA government.
Every Indian should be a proud tax payer and partner in nation building, the chief minister said in a official press release.
"Anti-black money measures including demonetisation led to the discovery of undisclosed income of Rs 1.30 lakh crore, seizure of Rs 50,000 crore," Goyal said while presenting Interim Budget for 2019-20 in the Lok Sabha.
As on October 31, 2018, there were 18.10 lakh registered companies in India, of which 11.16 lakh were active
"The undisclosed income detected in this case is for various assessment years and the firm has assured it will soon pay the due tax," a senior official said.
Sakshi Batra gets in discussion with Ravi Krishnan, Deputy Executive Editor, Moneycontrol to understand the extent of success of demonetisation.
People intending to park their unaccounted money in real estate under the nose of the tax authorities are known to engage in benami transactions
The corporate affairs ministry is also examining companies’ data to see if they are involved in tax evasion or money laundering
Moneycontrol’s Sakshi Batra in conversation with Gaurav Choudhury, Policy Editor, Moneycontrol to find out how GPS will soon help the government in tracing black money and identifying shell companies.
In a series of tweets, the former finance minister also attacked the Narendra Modi government for allegedly failing to curb the flow of black money in the economy.
Last month, interim Finance Minister Piyush Goyal had told the Rajya Sabha that Indian deposits had fallen by 34.5 percent in 2017 alone and by 80 percent since the Narendra Modi government came to power in 2014.
Though there are no official estimates of such money stashed in foreign countries a tax demand of Rs 5,447 crore has been made in HSBC undisclosed income of Rs 8,448 crore.
The ministry of corporate affairs (MCA) has found that 736 out of the total 1,313 firms or companies were either never listed or have been delisted from the domestic bourses
A recent report claims money parked by Indians in Swiss banks rose over 50% to Rs 7,000 crore in 2017, reversing a three-year downward trend amid India's clampdown on suspected black money stashed there. Here's more.
In comparison, the total funds held by all foreign clients of Swiss banks rose about 3 percent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017, according to the official annual data released today by Swiss National Bank (SNB), the central banking authority of the Alpine nation.
Communist Party of India (Marxist) leader Sitaram Yechury: His party's aim was to fight and defeat the "communal and anti-people" policies of the BJP government at the Centre.
The Alpine nation, known for its banking secrecy practices, has been taking various measures in the fight against black money amid intense global pressure from various countries, including India
The charge-sheets or prosecution complaints have been filed by the department before a special court in Chennai under Section 50 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, officials said.
As per the memorandum of the committee, the panel will look into the import of uranium for nuclear plants, mining activities and environment, upgrading of India Post offices and the drought situation in the country among other matters.
Officials said Karti was asked to depose before the investigating officer of the case today in Chennai under the provision of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act of 2015 that deals with undisclosed assets stashed abroad.