Black money act ppt background
WordPress Shortcode. SlideShare Explore Search You. Are you sure you want to Yes No. It shall be Rs. Komal Ashtekar Dear Sudha i would like to connect you with Tanmay Shendurnikar who is working abroad and may need your help Sources of Information Successfully reported this slideshow. Voluntary Disclosure Scheme Like this presentation?
Video: Black money act ppt background Black Money Problems, Causes, Solutions in India
10 POINT SUMMARY OF THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) Tax Practioner Association THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, CA Deepak Mantri 24 July Undisclosed foreign income and assets.
Presentation on Undisclosed Foreign Assets and Income (viii) The Bill also proposes to amend Prevention of Money Laundering Act (PMLA). The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 1.
International Fiscal Association (IFA). Eastern.
Show related SlideShares at end. Computation of Income 7. Are you sure you want to Yes No. However, this period shall not include the time taken to receive information under the exchange of information process provided under a tax treaty or exchange of information agreement The Undisclosed Foreign Income and Assets Imposition of Tax Bill, inter alia provides for the following, namely:— i Concealment of income in relation to a foreign asset will attract penalty equal to three times the amount of tax i.
Black Money Indian Black Money Tax Evasion
GARES VINTIMILLE FRANCE
|Are you sure you want to Yes No. No Downloads. Objectives of the Act Further, where a declaration is made by a firm, assets so declared shall not be taken into account in computing the net wealth of any partner or in determining the value of the interest of any partner in the firm.
However, this period shall not include the time taken to receive information under the exchange of information process provided under a tax treaty or exchange of information agreement
PPT Presentation on Black Money
1. Background. 2. The Black Money Act: Broad analysis. 3.
Presentation on Black Money Bill
Applicability and scope of the Black Money Act. 4.
Chargeability under Black Money Act. THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, Introduced in Lok Sabha on
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The income was charged to tax in the foreign country when it was earned but the same was not declared in the return of income in India and consequently not taxed in India. WordPress Shortcode.
It shall be Rs. Procedural Provisions 9. Such property was acquired from unexplained sources of investment.
Political Economy of Black Money: of GDP as black money Some common forms in which black money is kept are. Strengthening of NBR (man power, transparency, etc); Strengthen and effective money laundering act for preventing ML. Black Money - Free download as Powerpoint Presentation .ppt), PDF File .pdf), Text File .txt) or view presentation slides online.
Rules of Valuation of Asset It is not an amnesty scheme as there is no immunity from penalty, although there is immunity from prosecution.
No notes for slide. The income was charged to tax in the foreign country when it was earned but the same was not declared in the return of income in India and consequently not taxed in India.
Appeal to the Income-tax Appellate Tribunal, and to the jurisdictional High Court and the Supreme Court on substantial questions of law have been provided for. However, as a special concession for Indian citizens and foreign citizens of Indian origin, the period of 60 days referred above, will be extended to days in two cases: i where an Indian citizen leaves India in any year for employment outside India; and ii where an Indian citizen or a foreign citizen of Indian origin NRIwho is outside India, comes on a visit to India.
Background and Global Scenario 2.
FABIO TESSARI LIVORNO BRESCIA
|It was deposited in his foreign bank account. Visibility Others can see my Clipboard. The provisions will also apply to banks and financial institutions aiding in concealment of foreign income or assets of resident Indians or falsification of documents.
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