New Delhi, March 17 (IANS) Giving concrete shape to the announcement on recovering black money stashed away abroad by Finance Minister Arun Jaitley in his budget last month, the union cabinet on Tuesday approved a new law to track the hidden wealth.
Finance ministry sources told IANS that the union cabinet on Tuesday approved the Foriegn Income and Undisclosed Assets (Imposition of New Tax) Bill, 2015, for tabling in the Lok Sabha.
"On black money, a new structure including e-filing and tracking down is our abiding commitment," Jaitley had said in his first full budget speech on February 28.
He said a "comprehensive new law to track black money" would be framed and there will be rigorous imprisonment of 10 years under the black money law.
The finance minister said a 'benami' (proxy) property transaction bill will be brought to tackle black money transactions in real estate.
Tina Dabi Marriage, who was the topper of the Indian Administrative Service (IAS) in 2016, is goi
Countries around the world have criticized Russia after the Russian missile fell in Poland. Ameri
India (IND), so far unbeaten in the World Cup 2023, will face New Zealand (NZ) on Wednesday. A to
New Delhi
Many countries have expressed concern over reports of blood clots from the Astr
In the midst of the Corona crisis, another poor face of China has emerged. The US claims that Chi
Former US President Donald Trump's difficulties may increase. The committee probing the Capitol H
An autorickshaw driver's luck has shone in Kerala. He has got a lottery of 25 crores in Onam Bump
UK major Cairn gets Income Tax demand
New Delhi, March 11 (IANS) Going contrary to Finance Minister Arun Jaitley's promise that India
April 2022 Releases: In April, there will be a big bang in the cinemas
The restrictions imposed across the country for the prevention of corona infection have now been
US President Donald Trump has signed a law that gives Tibetans the right to select the next heir
