https://www.taxtmi.com/news?id=20212 A suite of measures - anti-black money steps, demonetisation, digitalisation of Income-tax processes, and GST - enlarged the taxpayer base and improved detection of undeclared income through reconciliation and online administration. These reforms increased return filings and direct tax receipts by bringing previously opaque cash and turnover into view. Enhanced international information exchange, including bilateral treaties and forthcoming real-time disclosures from Swiss authorities, changes enforcement dynamics for offshore accounts; only resident-held undisclosed funds outside legitimate categories become subject to domestic investigation and penal action. en-us Fri, 29 Jun 2018 17:53:19 +0530 Fri, 29 Jun 2018 17:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20212 A suite of measures - anti-black money steps, demonetisation, digitalisation of Income-tax processes, and GST - enlarged the taxpayer base and improved detection of undeclared income through reconciliation and online administration. These reforms increased return filings and direct tax receipts by bringing previously opaque cash and turnover into view. Enhanced international information exchange, including bilateral treaties and forthcoming real-time disclosures from Swiss authorities, changes enforcement dynamics for offshore accounts; only resident-held undisclosed funds outside legitimate categories become subject to domestic investigation and penal action. News - Fri, 29 Jun 2018 17:53:19 +0530 https://www.taxtmi.com/news?id=20212