TaxTMI 
TaxTMI 
Measures for Checking Out-Flow of Black Money
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....easures for Checking Out-Flow of Black Money <br>News and Press Release<br>Dated:- 27-3-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 27-March-2012 18:21 IST The Inc....
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....ome Tax Department takes several punitive and deterrent steps to unearth unaccounted money and curb tax evasion. These include scrutiny of tax returns; surveys, search and seizure actions; imposition ....
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....of penalty and launching of prosecution in appropriate cases. Information technology is used in a systematic way for collection and collation of information to take anti-evasion action against tax eva....
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....ders. The Government has also framed a comprehensive five-pronged strategy in order to bring back the country's money illegally stashed abroad. The strategy comprises of: (i) Joining the global crus....
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....ade against 'black money'; (ii) Creating an appropriate legislative framework; (iii) Setting up institutions for dealing with Illicit Funds; (iv) Developing systems for implementation; and (v) Imp....
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....arting skills to the manpower for effective action. This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question in the Rajya Sabha today. ....
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.... DSM/SS/SL<BR> News - Press release - PIB....