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: TDS :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: empanelment :: VAT RATES :: ACCOUNTING STANDARDS :: VAT Audit :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Sales Tax »
 Income tax: How to calculate capital gains tax on sale of old jewellery
 Six arrested for posing as Sales Tax officers, extorting money
 Insurance Agency Mergers and Acquisitions in Q1 "Explode," OPTIS Partners' Report Reveals
 Sales tax sleuths raid spare parts shops in Meerut's infamous Sotiganj market
 Income Tax: How offshore income could be taxed twice
 India finalises bills to launch new sales tax in July
 NMC to implement new tax system from Apr 1a
 13 per cent sales tax boost post demonetisationa
 Arun Jaitley May Lower Corporate And Income Tax Rates But Hike The Service Tax Rate
 Tax on high seas sales becomes dispute area
  State extends GST enrolment deadline

FM asks authorities to share information to check tax evasion
December, 12th 2013

Finance Minister P Chidambaram today called for better information sharing among various agencies of the government to check tax evasion.

"I think organisations must come forward to share information with DRI (Directorate of Revenue Intelligence), just as DRI must come forward to share information with other organisation tasked with collecting one tax or other or enforcing one law or the other," he said here.

"I know that mass of information resides in Financial Intelligence Unit, a mass of information lies in PAN data base, a mass of information lies in the registration that we require for excise and service tax for exporters and importer. A mass of information lies with depositories in the capital market. If this information is not shared on need to know basis, I am afraid much of the effort would be wasted," he said.

Organisations must learn to work with each other, and learn to 'speak' to each other, he said at the foundation day of DRI here.

Highlighting the importance of use of technology by agencies like DRI, Chidambaram said, "I think any organisation can change and re-engineer in a very short span of time (with the help of technology)."

DRI should focus on right kind of person, training them the right way and deploying them in the right way so that there could be maximum use of technology, he said.

The intelligence wing of Central Board of Excise and Customs has 532 officers and staff, he said, adding, the staff strength of DRI will double when cadre review is completely rolled out.

Recently, the Cabinet cleared the cadre review, making way for recruitment for another 18,067 posts over a period of time.

Noting the role of DRI as a trade facilitator, Chidambaram said trade facilitation is the catch word in discussions in the WTO and many other organisations.

Prevention and deterrence against smuggling, fake currency notes, drug trafficking is the other side of trade facilitation, he added.

"Anything that goes through illegal or illegitimate channels, that is anti-trade. Any steps or any measures that we take to prevent illegal trade, to prevent illegitimate activities, actually facilitate trade and that is in-fact trade facilitation," he said.

"We want trade to bloom, we want trade to expand rapidly... We must go across national boundaries. That is the only way to keep the world economy going, that is why India supported trade facilitation in the recent Bali meeting of WTO. We strongly support trade facilitation," he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

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