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: Central Excise rule to resale the machines to a new company :: TDS :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: empanelment :: articles on VAT and GST in India :: due date for vat payment :: cpt :: form 3cd :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
General »
 Alarm bells over return of tax inspector raj
 Shah gets notices over civic tax dues
 Tax revenue down in first six months after prohibition
 Post demonetisation, Income Tax department sends 30 cases of irregularities to Enforcement Directorate, CBI
 Don’t rush into a new tax without being prepared
 Can’t tax income from palace rent: Supreme Court
  Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 Cases for tax scrutiny will be selected by machines
 Time to revisit 1997 direct tax rates, says P Chidambaram
 Lok Sabha passes Bill to tax black money deposits post demonetisation
 Last day to pay property tax with old notes

We at G20 must tackle tax evasion: Manmohan Singh
November, 04th 2011

Prime Minister Manmohan Singh Thursday once again sought the attention of G20 leaders on the issue of illicit money outflows and tax havens and said this problem must be addressed, and fast.

"Tax evasion and illicit flows have seen the migration of tax bases in developing countries abroad and are serious problems," the prime minister told the 6th G20 Summit here, that focused primarily on Greece ane Eurozone crisis.

"The G-20 should send a strong message to curb such activity," the prime minister said, even as tax investigations were on back in India against 782 people suspected of having stashed away unaccounted wealth in accounts with the HSBC Bank in Geneva.

"The G20 countries should take the lead in agreeing to automatic exchange of tax related information with each other, irrespective of artificial distinctions such as past or present, for tax evasion or tax fraud, in the spirit of our London Summit that 'the era of bank secrecy is over'."

In a meeting with economic editors in New Delhi last month, Finance Minister Pranab Mukherjee had said the government had information from France that Rs.400 crore was held as unaccounted money in 69 accounts by Indians.

The finance minister said the Double Taxation Avoidance Agreement (DTAA) with France had helped India extract information regarding Indians having foreign bank accounts.

The government has been under pressure to act against people who have money stashed away in tax havens across the world. It had set up several bodies, including a directorate under the aegis of the Central Board of Direct Taxes, to unravel these secret bank accounts.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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