Committee constituted under chairman, CBDT to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery.

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..... Committee constituted under chairman, CBDT to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery. - News and Press Relea .....

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..... se Dated:- 30-5-2011 - News - The Government has constituted a Committee under the Chairmanship of Chairman, Central Board of Direct Taxes (CBDT) to examine ways to strengthen laws to curb the gene .....

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..... ration of black money in the country, its illegal transfer abroad and its recovery. The Committee includes Member (L C), CBDT, Director, Enforcement Directorate(ED), Director General, Directorate o .....

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..... f Revenue Intelligence (DRI),Director General(Currency), Joint Secretary(FT TR),CBDT, Joint Secretary,MoL, Director, FIU- IND, all as its Members. The Commissioner of Income Tax (CIT)(Inv),CBDT would .....

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..... be its Member Secretary. The Committee will examine the existing legal and administrative framework to deal with the menace of generation of black money through illegal means including, inter alia, .....

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..... (a) Declaring wealth generated illegally as national asset; (b) Enacting/amending laws to confiscate and recover such assets; and (c) Providing for exemplary punishment against its perpetrator .....

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..... s. The Committee will also consult all the stakeholders and submit its report within a period of six months. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanageme .....

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..... nt - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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