Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning
 What Are 5 Heads Of Income Tax?
 Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals
  Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Why you need not rush to file your ITR immediately
 Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing
 Section 80DDB tax benefits for specified illnesses: 5 things to know
 Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes
 ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal
 How To Save Tax For Salary Above 15 Lakhs?

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 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting