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
Latest Expert Exchange
« Direct Tax »
 Has direct tax compliance risen sharply?
 CBDT gets three new members
 Income Tax Returns (ITR) filing: Interest from PPF is tax exempt; but on NSC, it is taxable
 Gift of capital asset to spouse is not chargeable to tax
  Communication to the Central Excise/Service Tax Taxpayers on migration to GST
 Institutions will soon have to file I-T exemption application online: CBDT
 CBDT issues Advisory to file Returns by 31st October
  Income–tax (Dispute Resolution Panel) (First Amendment) Rules, 2018
 CBDT Notification 74/2018 Income Tax
 No Further Due Date Extension for Tax Audit, CBDT Confirms
 Here’s what could happen if you don’t file your income tax returns on time

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 2018 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