Loading ...
Sorry, an error occurred while loading the content.

Govt clears air on I-T directive

Expand Messages
  • ANUPAM SHARMA
    Govt clears air on I-T directive dear members, Seeking to dispel apprehensions that a recent directive to income tax officers may lead to harassment,
    Message 1 of 1 , Oct 16, 2004
    View Source
    • 0 Attachment
      Govt clears air on I-T directive
      dear members,

      Seeking to dispel apprehensions that a recent directive to income tax
      officers may lead to harassment, government today said the provisions
      of the law will be used only against habitual offenders and fly-by-
      night hawala operators indulging in massive evasion of taxes.

      In the wake of the "internal instructions" directing income tax
      commissioners to launch a drive to collect arrears that have touched
      Rs 87,885 crore and fears that it would encourage only corrupt
      officials, a senior CBDT official said the provisions would be
      applied only in cases where assessment proceedings were on and it was
      obvious that recovery of the demand would be a problem. The provision
      for attachment of property would not be applied to normal tax cases
      but only to those persons whose tax arrears exceeded Rs 5 lakh in big
      cities and Rs 1 lakh in small cities.

      "This is a kind of preventive step against mounting arrears," a top
      CBDT official said adding this would also put a stop to tax officials
      making a false assessment of taxes which becomes difficult to collect.



      Source : The Economic Times dtd. 16.10.2004
    Your message has been successfully submitted and would be delivered to recipients shortly.