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: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT RATES :: form 3cd :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: TDS :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 Directions under section 119 of the Income-tax Act, 1961
 Securities excluded from GST ambit in revised Bill
 GST dilemma: Hope fades for new tax regime
 5nance.com launches tax investment platform
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful

Taxman takes to tech in search operations
May, 10th 2007
Tax evaders who hide their transactions behind IT (information technology) firewalls will now find it more difficult to do so. The income-tax department is working on ways to crack IT shields of tax evaders. One of the key measures planned is to include computer experts in survey teams that swoop down on suspected evaders.

The department is also in the process of setting up forensic laboratory which would be equipped to deal with computer evidence. In a large number of cases where surveys or searches are carried out, the income tax authorities have to deal with evidence in electronic form.

Officers who carry out surveys may not necessarily be equipped to decipher electronic evidence but now with the help of experts, they would be able to, an official said. The department has reworked survey guidelines to keep pace with increasing deployment of IT tools by evaders, the official added. Under the new survey guidelines, income-tax sleuths who undertake surveys would be assisted by computer experts at hand to deal with digital data and IT equipment.

Income-tax survey teams have the authority to enter business premises to inspect books of accounts, cash, stock, other valuables, and place marks of identification on these items. Survey is done by the jurisdictional assessing officer or the investigation wing of the department.

Survey officers are not entitled to enter the residential premises of assessees. The department can also carry out survey of expenditure incurred by an assessee in connection with a function, ceremony or event like marriage. The survey guidelines have been reworked after about 20 years. Under the new guidelines, taxmen would also not be able to impound stocks of a taxpayer. Taxmen will be able to impound only the books of accounts.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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