Black Money Archives | H&R Block | Blog
March 16, 2017
Benami Property & Benami Transaction

All you Need to Know About Benami Property and Benami Transactions

Many of you might have heard about Benami Property Transactions Act. It has been in existence since 1988. If are still unaware of this Act, its high time that you know a few important things about it. The term “benami” is trending these days because […]
November 23, 2016
Swiss Banks to Share Information with India

Swiss Banks to Share Information with India

Government has given another blow to parallel economy by signing an agreement with Switzerland for automatic exchange of information or AEOI. This agreement will help India in obtaining all information on transactions made by Resident Indians to Swiss banks. Indian government has no official estimation […]
October 7, 2016
Income Declaration Scheme

Income Declaration Scheme Ends! What Next?

Income Declaration Scheme (IDS) which lasted for 4 months has finally come to an end. Although the scheme was plagued by a slow beginning, it picked up in the end and drove more than 65,000 declarants to disclose approximately Rs. 75,000 crores of black money. […]
July 6, 2016
Income Tax Declaration Scheme

You have two more months to declare undisclosed income

In a bid to reduce the taxation burden, have you been stowing away a part of your earnings bit by bit, leading to a whole pile going undeclared over a period? It is time to draw out the curtains you had pulled to shield this […]
October 12, 2015

Form 6 – Declaration of Undisclosed Foreign Earnings and Foreign Assets

Form 6 – disclosure of Foreign Assets Form 6 is a form used to declare the undisclosed foreign earnings and foreign assets of an individual while filing the tax returns. This form comes under Section 59 of the Black Money Act  which makes it mandatory […]