Page-7 of black money

India ranks 4th in black money outflows: GFI Report

December 10, 2015

India has been placed at fourth position in black money outflows among the developing and emerging economies. It was revealed by Global Financial Integrity’s (GFI’s) Illicit Financial Flows from Developing Countries: 2004-2013 Report.  Key facts Record 1.1 trillion dollars flowed ..

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India inks pact with Seychelles to curb black money

August 27, 2015

India has inked an information exchange agreement on tax matters with Seychelles in order to curb tax evasion and boost its efforts to fight against black money. The agreement was signed after talks between Prime Minister Narendra Modi and his ..

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SEBI bars 59 entities from trading for manipulating markets and evading taxes

August 21, 2015

The Securities and Exchange Board of India (SEBI) has barred 59 entities from trading in Bombay Stock Exchange due to alleged manipulation of the stock exchange route for evading taxes. As per the order of SEBI these 59 entities will ..

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Government approves pact between India and Seychelles to curb black money

August 20, 2015

With an intention of curbing black money generation the government approved signing and ratification of the Tax information exchange agreements between India and Seychelles. According to the agreement both the nations will exchange information with each other regarding taxes so ..

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BSE sets up new system for reporting suspicious trades

August 19, 2015

Bombay Stock Exchange has instituted new system Suspicious Transaction Reports (STRs) for reporting suspicious trades in order to check money laundering through stock markets. The national stock exchange has asked its members to report details of the STRs submitted to ..

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Union Government opens compliance window for black money disclosure

July 2, 2015

Union Government has notified the compliance window for black money disclosure under the Black Money (Undisclosed Foreign Income and Asset) and Imposition of Tax Act, 2015. The notified compliance window makes it mandatory for people to disclose their foreign income ..

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