Bringing the black money deposited abroad India and its speed of Government policy towards information generally may be extremely slow speed on the practical ground. foreign unit of income tax in eight countries by opening there, officials decided to appoint eight months have passed, but the Government has not been able to appoint a single official because the Government of avoiding double taxation agreement (DTAA) meet to amend Cannot complete the advantages.
The Government last July deposits abroad to prevent money laundering and tax evasion case in the US, UK, France, Germany, Japan, Holland, Cyprus and the United Arab Emirates in the opening of overseas income tax unit (ITOU) and the appointment of senior tax officials had proposed also to avoid double taxation with many countries in the negotiations was also proposed modifications to these agreements, the Government has been stepping up the workBut one of the eight countries also income tax officer yet. the interesting thing is that these officers as well as avoid double taxation agreements containing provisions to materialize under trickle has gathered the information to these officers.
Sources say the income tax in Indian embassies overseas unit has been set up, but the Finance Ministry to appoint officers in these units just for itself. these units furniture rsta Secretary appointed. officers of the level of such two units formed in Mauritius and Singapore was only in 2010. these units posted in officials are primarily: Tax matters relating to exchange of information including tasks related to the agreement to avoid double taxation will be delivered.
The Government at the beginning of the income tax officials in those countries have proposed that are more sensitive in terms of money laundering. the Central Board of direct taxes (CBDT) believes these countries in research and analysis wing (raw) mode of functioning of the bureaucrats ISOlation. that tax evaders by sending abroad money laundering are not trained to detect the use of income tax officers would be appointed; that they Income tax Department's central database use. Department of tax evaders have figures and to confirm their being caught immediately. income tax officers are trained for such acts and that the source of the funds sent out of India immediately figured out.
The Government last July deposits abroad to prevent money laundering and tax evasion case in the US, UK, France, Germany, Japan, Holland, Cyprus and the United Arab Emirates in the opening of overseas income tax unit (ITOU) and the appointment of senior tax officials had proposed also to avoid double taxation with many countries in the negotiations was also proposed modifications to these agreements, the Government has been stepping up the workBut one of the eight countries also income tax officer yet. the interesting thing is that these officers as well as avoid double taxation agreements containing provisions to materialize under trickle has gathered the information to these officers.
Sources say the income tax in Indian embassies overseas unit has been set up, but the Finance Ministry to appoint officers in these units just for itself. these units furniture rsta Secretary appointed. officers of the level of such two units formed in Mauritius and Singapore was only in 2010. these units posted in officials are primarily: Tax matters relating to exchange of information including tasks related to the agreement to avoid double taxation will be delivered.
The Government at the beginning of the income tax officials in those countries have proposed that are more sensitive in terms of money laundering. the Central Board of direct taxes (CBDT) believes these countries in research and analysis wing (raw) mode of functioning of the bureaucrats ISOlation. that tax evaders by sending abroad money laundering are not trained to detect the use of income tax officers would be appointed; that they Income tax Department's central database use. Department of tax evaders have figures and to confirm their being caught immediately. income tax officers are trained for such acts and that the source of the funds sent out of India immediately figured out.