TaxTMI 
TaxTMI 
SIT Recommends making Tax Evasion a Crime
X X X X Extracts X X X X
X X X X Extracts X X X X
....IT Recommends making Tax Evasion a Crime <br>News and Press Release<br>Dated:- 13-5-2015<br><BR>In Chapter III of Second SIT report, the SIT has recommended as under: "Financial Action Task Force (FA....
X X X X Extracts X X X X
X X X X Extracts X X X X
....TF) on money laundering recommends 'tax crimes' to be made a predicate offence so that action can be taken under Prevention of Money Laundering Act, 2002. There are more than 25 countries in the world....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... which have made 'tax crimes' as a predicate offence. The Government needs to seriously examine the issue and take steps to make 'tax crimes' as a predicate offence. To prevent any hardship to salarie....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d or small tax payer, a high threshold of say, more than ₹ 50 lakh of tax evasion could be considered as being a predicate offence". This was stated by Shri Jayant Sinha, Minister of State in M....
X X X X Extracts X X X X
X X X X Extracts X X X X
....inistry of Finance in written reply to a question in the Rajya Sabha.<BR> News - Press release - PIB....