Friday, February 13, 2015

Now Govt. focuses more on prosecuting persons evading taxes on a large scale

Focus of investigation in the Income Tax Department had so far been on civil consequences, i.e., revenue augmentation. With a view to have credible deterrence against generation of black money, the Government has shifted the focus to prosecute the persons involved in tax evasion in shortest possible time.During the current year 628 prosecution complaints have been filed upto December, 2014 56 of such prosecution complaints relate to offences concerning undisclosed foreign income.