Measures for Checking Out-Flow of Black Money

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..... Measures for Checking Out-Flow of Black Money
News and Press Release
Dated:- 27-3-2012

Press Information Bureau Government of India Ministry of Finance 27-March-2012 18:21 IST The In .....

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..... come 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 ev .....

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..... aders. 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 cru .....

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..... sade 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) Im .....

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..... parting 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
News - Press release - PIB .....

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