New User / Register | Bookmarks | Annual Subscription | Feedback |
Login: Stay
| Forget Password |
           
TMI - Tax Management India. Com  

Recent Discussionss:

Export to SEZ under claim of rebate Collection of Interest on delay payment from customer Taken Cenvat 50% Rg 23 d register required to be maintained Reversal of Cenvat credit CENVAT CREDIT TO DEVELOPERS Procedure to sent back the rejected imported material Applicability of State VAT or CST valuation job work BUDGET CHANGES REGARDING DTA CLEARANCES
News and Press Release
Home News News and Press Release Month 9 2007 2007 (9) This
Previous Next
 

REWARD TO INFORMERS OF INCOME TAX EVASION

September 8, 2007
 

Lok Sabha - 07.09.2007

The details of amount disbursed as reward to informers by the Income Tax Department during the last three years are as under:-

Financial Year

Amount  in lakhs)

i. 2004-05

205.17

 

 

ii. 2005-06

164.43

 

 

iii. 2006-07

230.72

Payment of Reward is considered "outstanding" only when Competent Authority has determined the amount of reward and it is yet to be disbursed. Accordingly, an amount of Rs.1.28 lakhs only is outstanding in a single case. Since the informer is not presently traceable in the given address, necessary efforts are being made to disburse the outstanding amount.

The existing guidelines of Central Board of Direct Taxes for payment of reward to informers are considered adequate.

This information was given by Minister of State for Finance, Shri S.S. Palanimanickam in reply to a question raised by Shri Abdul Rashid Shaheen in Lok Sabha today.

 
_____________________________________

 

what is new what is new

UpdatesKnowledge SharingSubscription CommunicationNewslettersMore Options




Go to Mobile Website Go To Top
© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.