In reply to an RTI query, the ministry also refused to disclose the details of black money received from other foreign countries

Incidentally, some of the accounts linked to Pakistan residents have been claimed since then, as is the case with several other accounts linked to residents from other countries including Switzerland itself

The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7.

Pandey says it's not fair to say that GST is responsible for the current economic slowdown; contraction in imports and the failure of some sectors to perform well led to a drop in GST collection, he adds

According to the income tax department, this new initiative of faceless assessment is expected to increase ease of compliance for taxpayers as the cost and anxiety of taxpayers are likely to be greatly reduced

To start with, the I-T department has picked up over 58,000 cases for the faceless e-Assessment scheme and the e-notices have been served before September 30, 2019, for cases of the Assessment Year 2018-19

In September, the labour force participation rate increased to 43.2 per cent versus 43 per cent in the previous month. More importantly, the employment rate climbed to 40.1 per cent from 39.5 per cent during this period

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India is amongst 75 countries with which Switzerland's Federal Tax Administration (FTA) has swapped intelligence on the financial details of people.

The probe pertains to a larger I-T probe, which started in 2011, under which around 700 India individuals and entities are being investigated for holding accounts in HSBC Bank in Geneva; Reliance Industries has denied receiving \"any such notices from the income tax department\"

Regulatory and government officials say the special focus of the analysis of the Swiss banks data could be on identifying people with political links

'India will receive information of the calendar year 2018 in respect of all financial accounts held by Indian residents in Switzerland,' said CBDT

Nirav Modi appeared before the Westminster Magistrates' Court via videolink from the Wandsworth prison on Thursday for the hearing

The Mumbai sessions court ruled that does have the legal powers to declare Nirav Modi a fugitive economic offender and postponed the hearing till it is vested with appropriate powers

In a written reply to a question in the Lok Sabha, Minister of State for External Affairs V Muraleedharan said the ministry revoked Nirav Modi's passport as per the provisions of Section 10(3)(c) of the Passports Act, 1967.

The details that Switzerland would share with Indian tax authorities would include account numbers, credit balance and all kinds of financial income for each Indian client of every Swiss financial institution