Department of Revenue, Ministry of Finance achieves phenomenal success towards eliminating Domestic Black Money in last three years; 23064 searches/surveys have been conducted (Income Tax 17525; Customs 2509; Central Excise 1913; Service Tax 1120); More than 1.37 Lakh Crore of tax evasion has been detected (Income Tax 69434; Customs 11405; Central Excise 13952; Service Tax 42727) among others https://www.taxtmi.com/news?id=17833 Concerted enforcement intensified anti tax evasion and anti money laundering action with widespread searches, prosecutions, arrests and asset attachments; the Benami prohibition was made operational by amendment enabling identification and provisional attachment of benami properties; laws and rules were tightened to curb cash transactions and strengthen penal consequences, while coordinated measures targeted shell companies through investigations and strike off notices, supported by an inter departmental monitoring group. en-us Sat, 08 Apr 2017 10:28:46 +0530 Sat, 08 Apr 2017 10:28:46 +0530 TaxTMI RSS Generator Department of Revenue, Ministry of Finance achieves phenomenal success towards eliminating Domestic Black Money in last three years; 23064 searches/surveys have been conducted (Income Tax 17525; Customs 2509; Central Excise 1913; Service Tax 1120); More than 1.37 Lakh Crore of tax evasion has been detected (Income Tax 69434; Customs 11405; Central Excise 13952; Service Tax 42727) among others https://www.taxtmi.com/news?id=17833 Concerted enforcement intensified anti tax evasion and anti money laundering action with widespread searches, prosecutions, arrests and asset attachments; the Benami prohibition was made operational by amendment enabling identification and provisional attachment of benami properties; laws and rules were tightened to curb cash transactions and strengthen penal consequences, while coordinated measures targeted shell companies through investigations and strike off notices, supported by an inter departmental monitoring group. News - Sat, 08 Apr 2017 10:28:46 +0530 https://www.taxtmi.com/news?id=17833