Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
Action against non-compliant taxpayers with foreign income
Financial Express Lucknow
|June 21, 2025
Tax Evasion
THE INCOME TAX department is taking action against non-compliant people having foreign income, the finance ministry on Friday said, adding that as many as 5,483 taxpayers have filed belated returns reporting foreign assets worth ₹29,208 crore.
The finance ministry's statement comes amid reports that money deposited in bank accounts of Indian entities in Switzerland has increased in 2024.
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs on the back of a huge jump in funds held through local branches and other financial institutions, annual data released by Switzerland's central bank showed on Thursday.
"In cases of continued non-compliance, enforcement and statutory actions are being taken as per extant law," the ministry said.
Esta historia es de la edición June 21, 2025 de Financial Express Lucknow.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Lucknow
Financial Express Lucknow
Trump lavishes praise on Mayor-elect Mamdani at White House meeting
AFTER MONTHS OF trading insults, US President Donald Trump and incoming New York City mayor Zohran Mamdani smiled at each other, swapped compliments and pledged to collaborate on tackling crime and affordability in the nation's biggest city at an unexpectedly friendly meeting at the White House on Friday.
2 mins
November 23, 2025
Financial Express Lucknow
Kissing has existed for at least 16 million years, scientists say
And humans are far from the only species locking lips
2 mins
November 23, 2025
Financial Express Lucknow
US court orders Byju to pay over $1 billion for default
Raveendran to appeal, says not allowed to defend
1 min
November 23, 2025
Financial Express Lucknow
PM: Drug-terror nexus global threat
“THIS POSES A serious challenge to public health, social stability, and global security. It is also a major means of financing terrorism,” he said.
2 mins
November 23, 2025
Financial Express Lucknow
The carb conundrum
IF YOU FIND homely comfort in a meal of rice, roti, dal and veggies, for all its simplicity and popularity, think again.
5 mins
November 23, 2025
Financial Express Lucknow
Fashion crimes: Why we dress like lost rockstars
GOLF IS A sport known for silence, discipline, polite clapping, and scorecards that can humble the strongest souls.
4 mins
November 23, 2025
Financial Express Lucknow
Luggage to flaunt
Offering smart features like USB ports, anti-theft zippers, and more, baggage options for travel are now moving from ‘nice to have’ to ‘must have’
2 mins
November 23, 2025
Financial Express Lucknow
A compact sedan holds fort in market ruled by SUVs
Dzire outsells all the other sedans combined
2 mins
November 23, 2025
Financial Express Lucknow
High BP in kids common now
Know how to prevent and tackle the serious issue
3 mins
November 23, 2025
Financial Express Lucknow
Thinking machines among humans
How a brisk history of AI helps us see the future more clearly
4 mins
November 23, 2025
Listen
Translate
Change font size