ANALYSIS - Notorious Pegasus spyware continues to be debated timeturk.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timeturk.com Daily Mail and Mail on Sunday newspapers.
Centre detects Rs 20,078 crore unaccounted money in Panama Papers leak case
In a reply to Lok Sabha, Pankaj Chaudhary, Minister of State for Finance, said that the government has raised tax demand of Rs 8,216 crore as on May 31, 2021 in 166 cases under the Black Money Act
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So far, over 260 conviction orders have been passed since 2016-17 against individuals found indulging in tax evasion. By Express News Service
NEW DELHI: The government has detected undisclosed income of approximately Rs 20,078 crore in the Panama Papers leak case, Rs 11,010 crore in the International Consortium of Investigative Journalists (ICIJ) cases, and Rs 246 crore in Paradise Papers leak cases, it informed Parliament on Monday.
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Measures Under Black Money Act Yields Results; Undisclosed Income Of Several Crores Found
In a written reply to Lok Sabha question, Junior Finance Minister gave a detailed explanation of illegal money detected in different cases via Black Money Act.
Image: PTI/Pixabay
Responding to the question related to Black Money, Union Minister of State for Finance Pankaj Chaudhary on Monday, said in the Lok Sabha that as of May this year demand of Rs. 8,216 crore has been raised. In a written reply, Chaudhary also added that an undisclosed amount of several crores has been detected by the Union Government. The Finance Ministry revealed an approximate value of undisclosed income detected so far.
Govt s net tax collection goes up by 86% to Rs 5.57 lakh cr in Q1, says FinMin
Out of the total amount, collection of net direct tax stood at Rs 2.46 lakh crore and of indirect tax was at Rs 3.11 lakh crore Such action under direct tax laws includes searches, surveys, enquiries, assessment of income, levy of tax, interest, penalties and filing of prosecution complaints in criminal courts, wherever applicable PTI
Updated Jul 27, 2021, 8:17 AM IST
The government s total tax collection in the April-June quarter grew about 86 per cent to more than Rs 5.57 lakh crore, Parliament was informed on Monday. Out of the total amount, collection of net direct tax stood at Rs 2.46 lakh crore and of indirect tax was at Rs 3.11 lakh crore.
Systemic measures by Government under Black Money Act yields results; detects undisclosed income of several crores newsroompost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsroompost.com Daily Mail and Mail on Sunday newspapers.