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: cpt :: VAT Audit :: ACCOUNTING STANDARD :: form 3cd :: list of goods taxed at 4% :: TDS :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« General »
 Income tax department to target senior executives who have US bank accounts
 Exporters file over 10,000 applications for GST refunds
 Government wants RBI rate cut before March: Finance ministry sources
 Govt begins review of tax, other norms for startups
 Fall in tax collection compounds crisis
 Govt sets up task force to review income tax laws
 Tax queries: Contact employer to get Form 16 error rectified
 Finance Ministry may hike monetary limit for filing tax appeals
 Compilation of all notifications issued ON
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income

Government using information from various nations to check tax evasion
July, 23rd 2014

The government on Tuesday said it is effectively using the information received from various countries to combat the menace of tax evasion and avoidance.

"Effectively utilising the information received from treaty partners to combat tax evasion and avoidance," Minister of State for Finance Nirmala Sitharaman said in a written reply to the Rajya Sabha.

Drive against tax evasion is an ongoing process, she said, adding that whenever tax evasion is detected either through domestic or cross border transactions, appropriate action under direct tax laws including investigation of tax evasion, assessment of income, raising tax demand and launching prosecution in appropriate cases is taken.

Various steps have been taken to further strengthen and streamline the processes and systems including capacity building of the workforce through training and sensitisation on issues relating to unaccounted money kept abroad, she said.

In another reply, Sitharaman said, there is no specific information to suggest that global Participatory Notes (PNs) are one of the main causes of the generation of black money.

There is no proposal is under consideration at present for abolition of global PNs, he added.

In a separate reply, she said that at present there is no provision which "recognises the lawful claims of the victims of Ponzi schemes on funds confiscated under the Prevention of Money Laundering Act (PMLA)".

There is no proposal to make changes in the PMLA in this regard, she added.

Replying to a question Finance Minister Arun Jaitley said Global Financial Integrity report estimated that between 1948 and 2008, a total amount of $213.2 billion had been shifted out of India through illicit outflows.

The government of India has signed a number of Double Taxation Avoidance Agreements (DTAAs) and Tax Information Exchange Agreements (TIEAs) with various countries, he said.

"Under these agreements, information as is foreseeably relevant for administration or enforcement of the domestic laws concerning taxes in specific cases can be received from our treaty partners," he added.

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

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