Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 New Income Tax Act: ITR forms to be issued prior to FY28, says govt
 GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)
 Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this
 The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:
 ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025
 ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck
 Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?
 Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy
 Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief
 Digital Efficiency for MSMEs: The Tally Prime Advantage
 5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups

CBDT seeks undertaking to curb leakage of info on black money
January, 09th 2012

Any investigative agency or government department that wants the top secret information related to tax evasion and black money from the income tax department (I-T) for a probe, would now have to give a signed undertaking as a guard against any possible information leakage. 

 
The central board of direct taxes (CBDT) has recently ordered the investigation wing of I-T and the newly created directorate of criminal investigation (DCI) to take a signed undertaking from the agency seeking information from them.

The move is to ensure that the person or agency can be made responsible and accountable towards the confidentiality of the information shared by us and prevent from any possible leakage, a senior I-T official said.

According to a source, in the third week of December 2011, when one of the investigative agencies approached I-T department for a data on tax evasion and money stashed by a few individuals abroad, the latter reportedly asked the agency to procure it from the court and expressed its inability to share the same directly.

Finance minister Pranab Mukherjee during a discussion in Parliament had reiterated that disclosure of any name or data related to stashing of money abroad would violate confidentiality and agreements made through treaties. The issue was also discussed in the recently held International Tax Dialogue Global Conference.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting