Committee for Black Money

Govt. toolbox to deal with transactions arising from Non-cooperative jurisdictions

Under pressure from civil society to take concrete action on black money, the government said that it has enough tools to deal with transactions arising from non-cooperative jurisdictions and would take action as and when necessary. "We have developed a toolbox... We have enabled ourselves to declare tax havens as non-cooperating jurisdiction and countries as… Read More

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FM sets up another panel to control Black money transits

Facing flak from civil society for not doing enough to deal with the menace of black money, the government today announced setting up of another panel to suggest ways to trace tax defaulters, reveal their identity to the public and recover taxes. The committee, set up by Central Board of Direct Taxes (CBDT) in the… Read More

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A Committe is a group of unfit, made by the unwilling to do the unnecessary

"More studies or committees or new special investigating wing and treaties with foreign governments are only to stall action," said Arun Kumar, the head of the Centre for Economic Studies and Planning in Jawaharlal Nehru University. Delays in action against black money by way of committees and studies will give time to corrupt politicians, businessmen… Read More

Tags: black moneyCommittee for Black Money

Committee formed under CBDT to curb generation of black money, its illegal transit and for its recovery

 Government has constituted a Committee under the Chairmanship of Chairman, Central Board of Direct Taxes (CBDT) to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery. The Committee includes Member (L&C), CBDT, Director, Enforcement Directorate(ED), Director General, Directorate of Revenue Intelligence… Read More

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