New Delhi: As part of efforts to fight black money, the government has decided to double the strength of the crucial foreign tax division in Finance Ministry which handles classified tax related information between India, tax haven nations and other countries.
The Ministry recently gave approval for creating a new unit in the Foreign Tax and Tax Research (FT and TR) division under the Central Board of Direct Taxes (CBDT) which will be headed by a senior Income Tax department officer and two under secretary rank officers.
The division acts as a post office for communication between law enforcement agencies on both sides in cases of suspect tax evasion, mis-pricing and international transactions.
Prior to this, the FT and TR division was recently sanctioned two new units, with two senior IT officers as directors and four new officials in the rank of under secretary....more
11:40 AM, Jan 01, 2012
New Delhi: The government has received information about Indians having accounts in Swiss banks and is taking appropriate action to bring back funds stashed abroad, Parliament was informed on Tuesday. "We have received some information with regard to some deposits in Swiss Bank", Finance Minister Pranab Mukherjee told the Rajya Sabha. "Whenever information about money deposited in any foreign bank account is obtained the same is first verified and then...
04:20 PM, Aug 02, 2011
Bareilly: BJP MP Maneka Gandhi has alleged that half of India's black money stashed in Swiss banks belonged to ministers, leaders and supporters of the Congress party. The BJP leader, while talking to reporters on Sunday night, also alleged that the Congress had kept CBI in its locker and used the agency as and when it required. She also slammed the Congress party's attitude towards Baba Ramdev and social activist...
11:37 AM, Jun 20, 2011