https://www.taxtmi.com/news?id=2077 Income tax enforcement is strengthened through investigative and deterrent measures under the Direct Tax Laws, including scrutiny of returns, surveys, search and seizure, penalties and prosecution, and verification of receipts or deposits outside the country to bring undisclosed taxable amounts to assessment. The Department uses information technology systems - Tax Information Network and an Integrated Taxpayer Data Management System - and CASS to collate TDS, tax payments and Annual Information Returns, create comprehensive taxpayer profiles, and select returns for scrutiny. Financial intelligence and banking reports are investigated. Specialized wings, the International Tax Division and the Transfer Pricing Division, address foreign, non resident and associated enterprise transactions and apply transfer pricing principles where appropriate. en-us Fri, 05 Aug 2011 18:36:32 +0530 Fri, 05 Aug 2011 18:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2077 Income tax enforcement is strengthened through investigative and deterrent measures under the Direct Tax Laws, including scrutiny of returns, surveys, search and seizure, penalties and prosecution, and verification of receipts or deposits outside the country to bring undisclosed taxable amounts to assessment. The Department uses information technology systems - Tax Information Network and an Integrated Taxpayer Data Management System - and CASS to collate TDS, tax payments and Annual Information Returns, create comprehensive taxpayer profiles, and select returns for scrutiny. Financial intelligence and banking reports are investigated. Specialized wings, the International Tax Division and the Transfer Pricing Division, address foreign, non resident and associated enterprise transactions and apply transfer pricing principles where appropriate. News - Fri, 05 Aug 2011 18:36:32 +0530 https://www.taxtmi.com/news?id=2077