The agreement, along with two other pacts, is expected to be signed during the visit of Bahrain's Crown Prince Salman bin Hamad Al Khalifa.

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Switzerland has agreed to provide details of secret bank accounts of individuals sought by India even on the basis of limited information, which will make it easier to track down black money stashed abroad and bring tax dodgers to book.

Finance Minister Pranab Mukherjee has defended the move to amend the Income Tax Act with retrospective effect following which UK's Vodafone may have to pay Rs 11,000 crore as tax for a buyout deal involving Indian business.

Top officials of the CBDT and the ED have recommended to the government that those holding unaccounted money abroad should be allowed to bring back their funds with reduced penalties and granted immunity from prosecution.

he tax authorities have obtained 9,900 leads from foreign banks about suspicious overseas transactions involving Indian citizens. They are also looking at data on another 30,700 domestic transactions for suspected tax evasion and money laundering, Finance Minister Pranab Mukherjee said on Wednesday.

The amended Indo-Swiss taxation treaty has came into effect, a development that will allow India to seek specific information on black money and tax evasion cases dating back to January 1, 2011.

Indian markets ended sharply higher on Monday, aided by strong global cues after the leaders of France and Germany promised action on Europe's debt crisis.

While the government has been pressing for re-negotiating the Mauritius treaty, seeking to plug the loopholes and revenue leakages, some experts have raised concerns that the move may impact foreign direct investment (FDI) into the country.

The real owner or majority stakeholder of Speak Asia is based in British Virgin Island, a known tax haven and not in Singapore.

India has, at the G20 finance ministers meeting in Paris, highlighted the need for all countries/jurisdictions to treat tax evasion on the same footing as \"tax fraud\" so that information on tax evaders can be freely exchanged.

Indian Finance Minister Pranab Mukherjee has said about 500 tax information exchange agreements have been signed between different countries across the globe, a development that will help fight the menace of tax evasion and track ill-gotten money.

Black money parked in tax havens abroad will be taxable income under the Direct Taxes Code Bill, the Centre told the Supreme Court on Wednesday, spelling out a host of measures to retrieve it.

Under the agreement, signed by Bermuda's PM and India's MoS for Revenue, both countries can share details on banking, ownership and past information in tax matters.

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The Bombay Stock Exchange and Money Today bring you an easy to understand guide on the stock markets which every individual investor must read.

Looking for one central theme for Bill Clinton’s presidential campaign in 1992, political strategist James Carville had come up with a line that became a memorable slogan: ‘It’s the economy, Stupid”. For a few days after the announcement of January figures of Index of Industrial Production (IIP) this slogan reflected the mood and movements on the stock markets.

The UK-India Joint Economic and Trade Committee (JETCO) was set up in pursuance of the UK-India Joint Declaration made at London by the Prime Ministers of the United Kingdom and India on September 20, 2004.

Just when you think the advantage is with one of them, a few thrusts and parries later, it swings to the other. As equations change at the Centre, the battle between Anil Ambani and Mukesh Ambani gets shriller—and more desperate. BT's Suman Layak reports. Chronology of war between the Ambani brothersMukesh Ambani meets Manmohan on windfall taxIs it advantage Anil at Dalal Street?Ambani rivalry compared to Archer's potboilerAmbani brothers: The battle to be No. 1 is on