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% :: due date for vat payment :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: form 3cd :: VAT Audit :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: cpt
 
 
Direct Tax »
 GST: Renaming Central Board of Excise and Customs to CBIC may take a while
 CBDT notifies new scrutiny notices with e-facility for taxpayers
 GST is a transformational business process reform. All companies will have to change
 GST Council relaxes return filing rules for July-Aug
 Here's how self-employed individual can file tax return with ITR4
 CBDT mulling new system of jurisdiction-free I-T assessment to curb corruption
 CBDT draft notice on computing tax liability of foreign firms
 CBDT forms task force for jurisdiction-free income tax assessment system
 Aadhaar must for filing returns from July 1: CBDT
 Aadhaar mandatory for filing I-T returns and obtaining new PAN card from July 1: CBDT
 Central Board of Direct Taxes cuts profit margin for safe harbour rules

Govt to set up special force to deal with blackmoney
September, 07th 2011

The government will soon set up a special force on the lines of the American enforcement agency, Internal Revenue Service, to deal with the menace of blackmoney and nail serious tax offenders, a CBDT official said.

The force is likely to have its own uniform and function under the Director General of Income Tax (Criminal Investigation), a senior Central Board of Direct Taxes (CBDT) official said.

The force will be structured on the lines of American Internal Revenue Service which claims the highest conviction rate in the world.

"We have finalised the proposal and will soon seek the nod of Law Ministry to set up the cadre of specialised officers to effectively deal with black money," the official added.

The special agents will hold the rank of an income tax officer, whereas agents will be designated as inspectors.

The special force, according to the official, will deal with cases pertaining to generation of black money from illegal activities such as corruption, money laundering, illicit cross-border transactions, financial frauds etc. They will also have the powers to prosecute tax offenders.

"Given the responsibilities assigned to them, the government will be compelled to create a uniform cadre," the official said.

Initially, the special force will be dealing with cases involving organised crime, the official said.

In May this year, the government had announced setting up of a special wing -- the Directorate of Income Tax (Criminal Investigation) -- to investigate criminal offences under the direct tax laws.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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