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: empanelment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT RATES :: ACCOUNTING STANDARD :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: form 3cd
 
 
News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

IT department to check tax-evaders
March, 29th 2010

To outsmart tax evaders who resort to delete their financial data or hide it in password-protected devices during search operations, the I-T department has started including portable forensic labs and experts in its team.

The department has unearthed links to more than Rs 1,000 crore money in the last few searches with the help of cyber forensics, according to sources.

The search teams now visit premises of assesses equipped with pre-wiped disks for imaging and cloning hard drives, portable labs for previewing computer hard disks, evidence bags and tags to pack, label and transport the imaged and cloned data to its labs.

Taxpayers and evaders have increasingly started using high-end softwares like 'logic bomb' which deletes all files as soon as investigators try to source information from the hardware.

While password protected CDs, DVDs, pen drives, MP3 players, ipods and SIM cards are used to store and conceal the voluminous records of transactions and payments to evade taxes, the sources said.

The department clones hard drives and other hardware in the presence of the assessee and prepares a 'panchnama' with the help of forensic experts drawn from the department or hired from outside. An on-the-spot seizure of the electronic data is necessary after instances of "zero storage" happened when the seized hardware was re-opened in department's forensic labs, they said.

The I-T authorities, in a recent search conducted on a prominent food and spices manufacturer of the country, was faced with a unique problem when the assessee provided a limited number of account books to the department admitting a lower tax liability.

The cyber forensic team then went through the companies numerous hard drives and ferreted out the hidden account books resulting in disclosure of transactions to the tune of Rs 15 crore, the sources said.

The department also recovered Rs 74 crore of concealed income from an on-spot analysis of servers when searches were conducted on a popular apparel brand.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

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