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 :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: form 3cd :: empanelment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: TDS :: ACCOUNTING STANDARD :: due date for vat payment :: cpt
 
 
Direct Tax »
 ICDS provisions to prevail over judicial precedents: CBDT
 CBDT forms committee to check absconding I-T dept officers
 Central Board of Direct Taxes asks taxman to make all out efforts to recover arrears
 CBDT to honour honest taxpayers
 Startups in the docks over marked down valuation tax as March 31 nears
 CBDT asks taxman to make all out efforts to recover arrears
 CBDT chief prods taxmen to buck up, meet recovery target
 CBDT to hold review meeting on PMGKY, tax collection on Mar 17
 Monitor tax collection to meet target by Mar 31: CBDT to taxman
 File prosecution cases against shell companies: CBDT to taxmen
 Threefold jump in prosecution against tax offenders

Upgrade technology, raise trained manpower for tax department
May, 22nd 2012

The white paper on black money has made several recommendations to deal with the problem but it seems that the lack of manpower and absence of cutting edge technology is hampering the government's efforts to combat the menace.

It lists a number of steps to strengthen the direct tax administration, of the Financial Intelligence Unit, Central Economic Intelligence Bureau, the Directorate of Revenue Intelligence and Enforcement Directorate.

The paper mentions the problem of manpower and technology in almost all the tax departments and calls for effective steps to address the two issues to enable the government's fight against the generation of black money.

"As the contribution of direct taxes in revenue collection rises, direct tax administration must be strengthened to ensure that it keeps pace with the rising needs of the growing economy," the paper said.

"This factor is also important because the direct tax databases are one of the largest databases available in the country and being an accounts-based tax, it has the potential of creating appropriate audit trails that can build strong deterrence against evasion as well as help catch evaders and trace black money kept in various forms within the country and abroad," the paper said.

At another pace, the paper said the manpower and technology available to the Directorate of International Taxation, which has played a crucial role in unearthing black money, needs to be improved.

Similarly, manpower problem is hurting the plan to issue PAN cards. "Providing adequately trained manpower can help improve the efficiency of the (tax) department by leaps and bounds," the paper said.

"The data-mining capacities of the department need to be strengthened with risk-analysis tools. Due to the voluminous data coming for analysis from different sources, the work cannot be done manually and intelligent software needs to be designed to this end," the paper said while pointing to the need for setting a Directorate of Risk Management.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

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