Prosecution for Concealing Income

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..... Prosecution for Concealing Income
News and Press Release
Dated:- 27-3-2012

Press Information Bureau Government of India Ministry of Finance 27-March-2012 18:23 IST Income Tax Departm .....

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..... ent receives information from various sources including from foreign governments under the Double Taxation Avoidance Agreement (DTAA). Whenever such information is received, it is investigated and any .....

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..... untaxed amount is assessed and brought to taxation. Prosecution proceedings for concealment are initiated in appropriate cases. The information received is covered by the confidentiality clause un .....

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..... der the DTAAs and can only be used for the tax purposes specified therein. Thus, the contents of the information received under DTAA cannot be disclosed to persons other than those involved in the ass .....

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..... essment or collection of, the enforcement or prosecution in respect of, or the determination of appeals in relation to, the taxes covered by the Agreement. This information was given by the Ministe .....

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..... r of State for Finance, Shri S.S. Palanimanickam in written reply to a question in the Rajya Sabha today. DSM/SS/SL
News - Press release - PIB .....

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