Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: VAT Audit :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES :: empanelment :: form 3cd :: cpt :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« News Headlines »
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter
 How will GST impact the Indian economy
 10 days left to file your first GST return. This is how you do it
 What is property tax and how is it calculated…
 File income tax returns in time to carry forward losses
 Missed the deadline to file income tax returns? Here is what you should do
 Who has to report foreign assets in Indian income tax return and how to do it

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 2017 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