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: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: cpt :: TDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: list of goods taxed at 4% :: VAT Audit :: due date for vat payment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES
 
 
« Direct Tax »
 Can we measure demonetisation’s impact on income tax collections?
 CBDT signs 2 more advance pricing pacts
 Income tax returns: How to calculate income from house property
 CBDT proposes new accounting standards for real estate firms
 1 lakh entities face I-T action as ‘clean money’ drive gains pace
 Here are 4 things to know about how CBDT improves ease of doing business by issuing PAN and TAN within 1 day
 Online platforms make tax filing easy, help fill details automatically
 Delhi HC refuses to stay tax case against Young Indian
 CBDT issues draft ICDS on real estate
 CBDT chairman Sushil Chandra gets one-year extensiona
 Income-tax (9th Amendment) Rules, 2017? - Amendment of Income-tax Rules, 1962 - Prescribing form & manner of exercise of option by the domestic company for the purposes of section 115BA of the Income-tax Act, 1961-reg

Black money row: Govt's 4 point action plan
September, 02nd 2011

Tax evaders' troubles just got bigger. TIMES NOW has accessed the Central Board of Direct Taxes (CBDT) four point action plan on the black money issue. The CBDT has asked Investigation Directorates to gather necessary intelligence about agents/officials of foreign banks operating in India who are soliciting opening of foreign bank accounts.

The CBDT has also asked the Income Tax to gather information on nationals having accounts in tax havens like Switzerland.

Thirdly, the CBDT has sought information through CIB regarding frequent foreign visits of Indian Nationals to tax havens.

Lastly, they have also asked investigative agencies to keep a close watch to collect evidence during search/survey operations, pertaining to opening foreign bank accounts or other immovable assets.

Earlier, Indian and foreign banks operating in the country had agreed to give income-tax authorities access to their data, a move that seeks to check accumulation of black money.

India has begun receiving information from other countries on financial transactions of Indians abroad after it signed tax information exchange agreements and revised Double Taxation Avoidance agreements with several countries.

Switzerland, a favourite destination for tax evaders, will also offer information on bank accounts held by Indians there from December.

 
 
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