https://www.taxtmi.com/news?id=17574 Government measures combine legislative reform, international information exchange and IT-driven enforcement to detect and address undisclosed assets. Institutional actions include a Special Investigation Team and a Multi-Agency Group, enactment of a law on undisclosed foreign income and assets, expansion of tax information exchange and participation in automatic exchange frameworks, and amendments enabling attachment and confiscation of property and strengthening prohibition and prosecution of benami transactions. Operational initiatives deploy information mining, data analytics and a national programme for collation and e-verification of cash-transaction data to prioritise enforcement and prosecution. en-us Fri, 10 Mar 2017 16:52:37 +0530 Fri, 10 Mar 2017 16:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17574 Government measures combine legislative reform, international information exchange and IT-driven enforcement to detect and address undisclosed assets. Institutional actions include a Special Investigation Team and a Multi-Agency Group, enactment of a law on undisclosed foreign income and assets, expansion of tax information exchange and participation in automatic exchange frameworks, and amendments enabling attachment and confiscation of property and strengthening prohibition and prosecution of benami transactions. Operational initiatives deploy information mining, data analytics and a national programme for collation and e-verification of cash-transaction data to prioritise enforcement and prosecution. News - Fri, 10 Mar 2017 16:52:37 +0530 https://www.taxtmi.com/news?id=17574