Tag: unexplained income
Posted in Economy
Paying tax won’t legitimise cash stashes
Builders, sticky-fingered bureaucrats, and unauthorised money changers are about to be blindsided by the taxman. Unbeknown to most, handling cash hordes has just become tougher….
Posted in Economy
CBDT tells tax officers to tighten scrutiny of unexplained income, assets
New Delhi: The Central Board of Direct Taxes (CBDT) has instructed assessing officers to exercise greater diligence and consistency in invoking anti-evasion provisions relating to…
Posted in Economy
Coming clean may be less taxing: Taxpayers could get away with paying significantly less on unexplained local income
Mumbai: A hidden, quasi-amnesty window for tax on local income has crept into the fine print of the Finance Bill, perhaps unwittingly. A close reading…