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Total 32 results found. Search for [ Foreign Tax Compliance Act ]

Results 1 to 21 of 32
Mudit Kapoor
New Delhi, August 1, 2018
Before he became Prime Minister, Narendra Modi vowed to bring all illicit money stashed away in foreign countries, and promised that poor people in the country would get Rs 15 lakh each.


PTI
March 21, 2018



PTI
New Delhi, September 10, 2017
A photo of your shiny new luxury car on Instagram or a costly watch on Facebook may lead the taxman to your door as the tax department from next month will begin amassing virtual information to trace black money.


BT Online
May 1, 2017
Under the FATCA arrangement, the financial institutions need to obtain self-certifications and carry out due diligence in respect of all individual and entity accounts opened from July 1, 2014, to August 31, 2015.


Teena Jain Kaushal
New Delhi, April 12, 2017
Under self-certification, an investor has to provide declaration relating to the US Foreign Account Tax Compliance Act (FATCA)/Common Reporting Standard (CRS). It does not require one to submit the Aadhaar card in order to comply with FATCA requirements.


BT Online
New Delhi, April 12, 2017
According to a I-T notification, account holders will have to submit their know your customer (KYC) details and Aadhaar number to banks and financial institutions by April 30 and self-certify them to comply with Foreign Tax Compliance Act or FATCA.


Dipak Kumar Mondal
July 19, 2016
The income tax department is planning to launch an integrated platform to further strengthen its technology wherewithal to analyse the databases of IT returns, IT forms, TDS/TCS statements, Annual Information Return, etc in order to track tax evaders.


Jinsy Mathew
November 25, 2015
NRIs can now invest in the National Pension Scheme to provide them income security when they return and retire in India.


PTI
October 29, 2015



IANS
New Delhi, February 20, 2016
As per the order, fixed deposits in savings accounts opened before June 30, 2014 and December 31, 2015 will not have to be reported for FATCA and CRS, respectively.


PTI
New Delhi, January 6, 2016
The Central Board of Direct Taxes, in a statement, said this amount was received by it by way of tax and penalty upto December 31.


Jinsy Mathew
New Delhi, January 4, 2016
Starting January 1, 2016, existing mutual fund customers will not be able to purchase, sell or switch transactions if the investor hasn't complied with the additional KYC and Foreign Account Tax Compliance Act (FATCA) requirements.


PTI
New Delhi, October 5, 2015
Revenue Secretary Hasmukh Adhia said while the total number of disclosures is 638 as stated last week, the total illegal foreign assets brought to book stands at Rs 4,147 crore.


IANS
New Delhi, October 4, 2015
Jaitley said the govt was at an advanced stage in considering the requirement of furnishing PAN card details for cash transactions beyond a limit.


PTI
October 2, 2015
Finance Ministry said that those who have not taken advantage of the compliance window to declare their unaccounted overseas assets and come clean will \"regret.\"


PTI
New Delhi, September 24, 2015
No proceedings shall lie under the Foreign Exchange Management Act, 1999 (FEMA) against the declarant with respect to an asset held abroad for which taxes and penalties under the provisions of Black Money Act have been paid, RBI said in a statement.


Anilesh S Mahajan,Dipak Mondal
September 24, 2015
Here's why the new Black Money Act is bound to fail in bringing back the illicit cash stashed abroad.


PTI
New Delhi, September 4, 2015
In its second set of 27 FAQs, the Central Board of Direct Taxes (CBDT) has said the e-wallet or virtual card is similar to a bank account and therefore \"the valuation and declaration of an e-wallet account may be made as in the case of a bank account\".


PTI
New Delhi, August 27, 2015
\"We expect the number of applications under the (black money) compliance window to go up during the last 2-3 weeks,\" Revenue Secretary Shaktikanta Das said on Wednesday.


PTI
New Delhi, August 17, 2015
As per the rules released by the I-T department in July, CBDT had asked persons having undisclosed foreign bank accounts to provide sum total of credits since the opening of the account.


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