SIT Recommends making Tax Evasion a Crime

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..... SIT Recommends making Tax Evasion a Crime - News and Press Release Dated:- 13-5-2015 - News - In Chapter III of Second SIT report, the SIT has recommended as under: Financial Action Task Force .....

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..... (FATF) 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 wo .....

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..... rld 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 sala .....

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..... ried 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 .....

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..... in Ministry of Finance in written reply to a question in the Rajya Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Ta .....

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..... xTMI - TMITax .....

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