Finance Minister Asks the Senior Officers of the Income Tax Department not to Lose Sight of Domestic Black Money Keeping in view its Much Higher Magnitude and Chase Those Sectors Where its Most Prevalent; Reviews with Senior Officers of the Department the Achievement of Budgeted Targets of Direct Taxes for 2014-15 and Action There of

Finance Minister Asks the Senior Officers of the Income Tax Department not to Lose Sight of Domestic Black Money Keeping in view its Much Higher Magnitude and Chase Those Sectors Where its Most Prevalent; Reviews with Senior Officers of the Department the Achievement of Budgeted Targets of Direct Taxes for 2014-15 and Action There of https://www.taxtmi.com/news?id=13511 The Finance Minister directed prioritised enforcement against domestic black money, urging officials to target sectors where undeclared income is most prevalent to bolster tax recoveries and meet direct tax budget targets. Administrative measures include monitoring Advance Tax by top taxpayers, following up TDS shortfalls via actionable lists of large deductors, pursuing Non-filer Monitoring System cases with prior high declared income, deterring TDS and self-assessment defaults, widening the tax base while remaining assessee friendly, and deploying multimedia campaigns to encourage voluntary compliance. en-us Thu, 30 Oct 2014 18:25:29 +0530 Thu, 30 Oct 2014 18:25:29 +0530 TaxTMI RSS Generator Finance Minister Asks the Senior Officers of the Income Tax Department not to Lose Sight of Domestic Black Money Keeping in view its Much Higher Magnitude and Chase Those Sectors Where its Most Prevalent; Reviews with Senior Officers of the Department the Achievement of Budgeted Targets of Direct Taxes for 2014-15 and Action There of https://www.taxtmi.com/news?id=13511 The Finance Minister directed prioritised enforcement against domestic black money, urging officials to target sectors where undeclared income is most prevalent to bolster tax recoveries and meet direct tax budget targets. Administrative measures include monitoring Advance Tax by top taxpayers, following up TDS shortfalls via actionable lists of large deductors, pursuing Non-filer Monitoring System cases with prior high declared income, deterring TDS and self-assessment defaults, widening the tax base while remaining assessee friendly, and deploying multimedia campaigns to encourage voluntary compliance. News - Thu, 30 Oct 2014 18:25:29 +0530 https://www.taxtmi.com/news?id=13511