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: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: TDS :: articles on VAT and GST in India :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT RATES :: due date for vat payment :: VAT Audit :: empanelment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS
 
 
Direct Tax »
 High court judges, experts brainstorm on likely GST litigations
 Businesses need not deduct GST on advances received for goods supply: CBEC
 Redress taxpayers' grievances on priority: CBDT to I-T department
 No tax relief on EPF interest if not employed: ITAT
  CBDT signs 7 more unilateral APAs with taxpayers
 Income tax returns (ITR) filing: Get capital gains tax exemption on new property; here is how
 Reach out to non-filers of GST returns: CBEC to fields offices
 CBDT may shelve plan to seek corporate tax estimates in advance
 IT expertise at banks' board level a must, says RBI ED
 Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961
 To avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already

CBDT to look into high value transactions to trace tax evaders
June, 18th 2016

Atulesh Jindal said that our emphasis will be to broaden this NMS system so that we have more robust data base, the department would use non-intrusive method for widening of tax base.

In order to identify tax evaders, the Income Tax department today said it will use 360 degree profiling and match the database of people filing returns with those of informations about high value transactions.

The Central Board of Direct Taxes has received one crore information through the Non-Filers Management System (NMS), and more than 50 lakh tax payers were added and about Rs 7,000 crore taxes were collected, CBDT Chairman Atulesh Jindal said.

“We have a very robust non-filers management system, under which we are matching the information which is being received from various sources (credit & debit cards, others).

“We get information about high-value transaction and this information is matched with our existing database of who is filing returns of income. On that basis the computer generates list of non-filers and stop-filers,” he told reporters.

At the end of the two day annual conference of tax administrators, Jindal said this year the CBDT has further expanded the areas from which informations are being received.

“Our emphasis will be to broaden this NMS system so that we have more robust data base, on the basis of which we have more widening of tax base,” he said, adding that the department would use non-intrusive method for widening of tax base.

Further, the CBDT will launch a comprehensive integrated grievance redressal system called ‘e-Nivaran’ and a pilot project would be launched in Delhi within three weeks.

“We have evolved a very comprehensive grievance redressal system which will integrate the 3-4 modes filing grievances. This grievance portal e-Nivaran is a very ambitious project.

“It has been decided to launch this project on pilot basis in Delhi and this project will be launched in 2-3 weeks time. And modalities for field formations were discussed in today’s meeting,” Jindal 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