The income tax department will soon post 10 of its officers in tax haven nations to collect information about alleged tax evasion by Indians from these countries, an official in the finance ministry said. Concerns have been raised in the recent past over suspicion of round tripping or routing of Indians’ illicit money back into the country through tax havens.

The Central Board of Direct Taxes (CBDT) Member Prakash Chandra said that his department has formulated some strategies to deal with tax havens and the government will soon be posting 10 officers in “important countries” to help curtail the menace.

“The officers have been shortlisted and some approvals are necessary (before they are posted),” Chandra added.

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Category : Income Tax (27506)
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Tags : CBDT (691) tax haven (12)

0 responses to “Income tax department to deploy its officials in tax havens to check evasion”

  1. C.Jyoti says:

    Intense lobbying and cut-throat competition must be afoot to grab the postings which promise a lot of perverse pleasures away from home and safer avenues of earning money beyond the reach of the incompetent and corrupt domestic vigilance outfits. But, getting the postings would cost heavy, rest assured.

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