NOW TAX DEFAULTERS WILL BE RATED THROUGH ‘OPERATION CLEAN MONEY’ WEBSITE:

In its new campaign against black, the government will put up reports of raids on a website and also rate defaulters in various categories from high risk to very low risk.  Finance Minister Arun Jaitley launched the Operation Clean Money website today.  “We want to change habit from non-tax compliant to tax compliant,” said Sushil Chandra, chairman of Central Board of Direct Taxes.  The Income Tax department will put up reports of raids on the website.  The website will give details on the process by which tax defaulters have been identified.   Action will be specified for various degrees of violations – high risk, medium risk, low risk and very low risk.  Sources say “high risk individual or groups” will face action like search, seizure and direct inquiry.  Those designated “medium risk” will be informed by SMS or email to take corrective measures, and low risk or “very low risk” defaulters will be watched. The identity of individuals and groups under scanner will not be revealed, say sources. The Rediff.com : 16th. May,17

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s