Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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        LATEST NEWS UPDATES | Rs 6,000 crore and counting: Windfall from tax on stashed cash after note ban -Dhananjay Mahapatra    </title>
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-The Times of India

NEW DELHI: Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far,..."/>
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-The Times of India

NEW DELHI: Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far,..." />
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    <h1 class="cat-box-title">Rs 6,000 crore and counting: Windfall from tax on stashed cash after note ban -Dhananjay Mahapatra</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far, and the amount could go up.<br /><br />Tax authorities sought explanation from individuals, who deposited substantial amount of cash after demonetisation of Rs 500 and Rs 1,000 notes, either in their own account or in the name of others.<br /><br />Many later agreed to avail the amnesty scheme which earlier allowed compounding by payment of 60% of the deposits as tax, now hiked to 75%.<br /><br />&quot;Tax authorities have so far collected around Rs 6,000 crore,&quot; said Pasayat, who with SIT chairman Justice M B Shah supervises the drive against black money by the CBI, Enforcement Directorate, Central Board of Direct Taxes and other agencies.<br /><br />The SIT VC refused to hazard an estimate of tax that would be collected from unexplained cash deposits as a fallout of demonetisation but exuded confidence that the amount could be substantial. He said that in the first phase of the post-demonetisation drive against black money, focus was on cash deposits of Rs 50 lakh or more.<br /><br />Emails and SMSes have been sent to all such depositors. Many opted to avail the amnesty schemes for compounding by paying up the stipulated steep tax. As an example, he said in a state like Odisha, generally considered poor, there were thousands who responded to such emails and SMSes.<br /><br />Please <a href="http://timesofindia.indiatimes.com/india/rs-6000-crore-and-counting-windfall-from-tax-on-stashed-cash-after-note-ban/articleshow/57698297.cms" title="http://timesofindia.indiatimes.com/india/rs-6000-crore-and-counting-windfall-from-tax-on-stashed-cash-after-note-ban/articleshow/57698297.cms">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far, and the amount could go up.<br /><br />Tax authorities sought explanation from individuals, who deposited substantial amount of cash after demonetisation of Rs 500 and Rs 1,000 notes, either in their own account or in the name of others.<br /><br />Many later agreed to avail the amnesty scheme which earlier allowed compounding by payment of 60% of the deposits as tax, now hiked to 75%.<br /><br />&quot;Tax authorities have so far collected around Rs 6,000 crore,&quot; said Pasayat, who with SIT chairman Justice M B Shah supervises the drive against black money by the CBI, Enforcement Directorate, Central Board of Direct Taxes and other agencies.<br /><br />The SIT VC refused to hazard an estimate of tax that would be collected from unexplained cash deposits as a fallout of demonetisation but exuded confidence that the amount could be substantial. He said that in the first phase of the post-demonetisation drive against black money, focus was on cash deposits of Rs 50 lakh or more.<br /><br />Emails and SMSes have been sent to all such depositors. Many opted to avail the amnesty schemes for compounding by paying up the stipulated steep tax. As an example, he said in a state like Odisha, generally considered poor, there were thousands who responded to such emails and SMSes.<br /><br />Please <a href="http://timesofindia.indiatimes.com/india/rs-6000-crore-and-counting-windfall-from-tax-on-stashed-cash-after-note-ban/articleshow/57698297.cms" title="http://timesofindia.indiatimes.com/india/rs-6000-crore-and-counting-windfall-from-tax-on-stashed-cash-after-note-ban/articleshow/57698297.cms">click here</a> to read more. <br /></div>                                                           
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NEW DELHI: Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far,..."/>
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    <h1 class="cat-box-title">Rs 6,000 crore and counting: Windfall from tax on stashed cash after note ban -Dhananjay Mahapatra</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far, and the amount could go up.<br /><br />Tax authorities sought explanation from individuals, who deposited substantial amount of cash after demonetisation of Rs 500 and Rs 1,000 notes, either in their own account or in the name of others.<br /><br />Many later agreed to avail the amnesty scheme which earlier allowed compounding by payment of 60% of the deposits as tax, now hiked to 75%.<br /><br />&quot;Tax authorities have so far collected around Rs 6,000 crore,&quot; said Pasayat, who with SIT chairman Justice M B Shah supervises the drive against black money by the CBI, Enforcement Directorate, Central Board of Direct Taxes and other agencies.<br /><br />The SIT VC refused to hazard an estimate of tax that would be collected from unexplained cash deposits as a fallout of demonetisation but exuded confidence that the amount could be substantial. He said that in the first phase of the post-demonetisation drive against black money, focus was on cash deposits of Rs 50 lakh or more.<br /><br />Emails and SMSes have been sent to all such depositors. Many opted to avail the amnesty schemes for compounding by paying up the stipulated steep tax. As an example, he said in a state like Odisha, generally considered poor, there were thousands who responded to such emails and SMSes.<br /><br />Please <a href="http://timesofindia.indiatimes.com/india/rs-6000-crore-and-counting-windfall-from-tax-on-stashed-cash-after-note-ban/articleshow/57698297.cms" title="http://timesofindia.indiatimes.com/india/rs-6000-crore-and-counting-windfall-from-tax-on-stashed-cash-after-note-ban/articleshow/57698297.cms">click here</a> to read more. <br /></div>                                                           
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Rs 6,000 crore and counting: Windfall from tax on stashed cash after note ban -Dhananjay Mahapatra

Published on Mar 18, 2017   Modified on Mar 18, 2017

-The Times of India NEW DELHI: Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far, and the amount could go up. Tax authorities sought explanation from individuals, who deposited substantial amount of cash after demonetisation of Rs 500 and Rs 1,000 notes, either in their own account or in the name of others. Many later agreed to avail the amnesty scheme which earlier allowed compounding by payment of 60% of the deposits as tax, now hiked to 75%. "Tax authorities have so far collected around Rs 6,000 crore," said Pasayat, who with SIT chairman Justice M B Shah supervises the drive against black money by the CBI, Enforcement Directorate, Central Board of Direct Taxes and other agencies. The SIT VC refused to hazard an estimate of tax that would be collected from unexplained cash deposits as a fallout of demonetisation but exuded confidence that the amount could be substantial. He said that in the first phase of the post-demonetisation drive against black money, focus was on cash deposits of Rs 50 lakh or more. Emails and SMSes have been sent to all such depositors. Many opted to avail the amnesty schemes for compounding by paying up the stipulated steep tax. As an example, he said in a state like Odisha, generally considered poor, there were thousands who responded to such emails and SMSes. Please click here to read more.

The Times of India, 18 March, 2017, http://timesofindia.indiatimes.com/india/rs-6000-crore-and-counting-windfall-from-tax-on-stashed-cash-after-note-ban/articleshow/57698297.cms

Tagged with: tax collection black money

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