Friday, 8 July 2016

Government to use info collected under various pacts to identify suspected tax dodgers

NEW DELHI: The government is set to use the information collected under various international tax agreements to identify suspected tax dodgers and urge them to come clean through the ongoing black money scheme that expires on September 30. The income-tax department will soon write to such individuals that they have been identified on the basis of information received under the Foreign Account Tax Compliance Act (FATCA) from the US, various tax information exchange agreement.

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