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: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARDS :: VAT Audit :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARD :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment
 
 
General »
 Advance tax payout by top cos grows just 2% in Sept quarter
 Why abolishing personal income tax may not be a good idea
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman

Income Tax dept to share PAN database with NATGRID
August, 08th 2011

The Income Tax department has decided to share it's PAN card database with the NATGRID -- a network aimed to initiate robust information sharing amongst law enforcement agencies to tackle terror threats at home and abroad.

The department, after getting approval from the Central Board of Direct Taxes (CBDT), has however, stopped short of sharing the 'sensitive' and 'highly sensitive' database of taxpayers and entities related to financial transactions and investigations.

The I-T department has developed and created two high-end data mining tools for the use of its investigation and intelligence wings, called '360-degree' profiling and the Computer-Assisted Scrutiny System (CASS).

The department has also created two forensic laboratories to decipher and work on sensitive data related to cross-border transactions, high value tax evasion, in the national capital and Mumbai.

The labs have been developed with the help of the Centre for Development of Advanced Computing (CDAC).

Sources in the Finance Ministry said while the 'index' of the Permanent Account Number (PAN) card database will be committed to the NATGRID, the information in other two databases will be shared only after specific requests from any of the law enforcement agencies is received for purposes of probe and as part of intelligence sharing.

The 'index' of a database pertains to the thumbnails of a particular information.

The Cabinet Committee on Security has recently given an in-principle approval to the ambitious project which aims to bring 21 sets of databases which will be networked to achieve quick, seamless and secure access to desired information for intelligence and enforcement agencies.

The databases includes railway and air travel, income tax, bank account details, credit card transactions, visa and immigration records among others.

The Ministry of Home Affairs is the nodal ministry to implement the NATGRID.

In the first phase, the ministry plans that 10 user agencies and 21 service providers will be connected in 26 months, while in later phases about 950 additional organisations will be connected in 12 months and another over 1,000 organisations in the subsequent 12 months.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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