Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: TDS :: articles on VAT and GST in India :: cpt :: ACCOUNTING STANDARD :: form 3cd :: Central Excise rule to resale the machines to a new company :: VAT RATES :: empanelment :: ACCOUNTING STANDARDS
 
 
News Headlines »
 6 important income tax rules for individuals which will change from April 1, 2017
 Key changes in income tax rates individuals need to look at from 1 Apr
 Provisional Enrollment under Goods and Service Tax (GST)
 Ten income tax changes that will come in to effect from April 1
 New income tax provisions you need to be aware of
 8 benefits you must know about this tax-saving mutual fund
 10 most important income-tax changes which will apply from April 1
 Delhi: 54 CAs, company secretaries on radar in I-T crackdown against black money
 10 Income Tax Rules That Will Change From April. See Details Herea
 Looking for last-minute tax planning with Section 80C investments? Here's help
 Aadhaar mandatory for filing income tax return

I-T Dept using search engines to find tax evaders: Chidambaram
November, 14th 2006

The Union Finance Minister, Mr P. Chidambaram, said on Saturday that the Income-Tax Department was using several ways including deploying search engines to unearth tax evaders and mine information.

Mr Chidamabaram, who inaugurated the country's first Large Taxpayers Unit (LTU) here, said search engines were being developed to help the department to identify tax evaders in the country. He said though there were a few tax evaders who believe that they can hoodwink the authorities, the department had enough information about them.

He said the Government plans to open LTUs in Chennai, Mumbai, Delhi and Kolkata with at least two expected to be set up before the end of this fiscal.

There were a total of 830 entities including 282 in Mumbai, 202 in Delhi, 132 in Chennai, 131 in Kolkata and 83 in Bangalore, who were eligible to join the units. He said the cost of tax collection, which was 0.67 per cent was expected to drop further to 0.64 per cent this year. He said modern management principle was needed to collect tax.

Out of 83 eligible large taxpayers in Bangalore, 31 were part of the LTU and the total tax revenue from them during 2005-06 was Rs 1,464 crore.

This fiscal it was expected to grow to Rs 1,800 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions