I-T dept to set up new data centre to check tax evasion

To fasten the process of identifying tax evaders, the Income Tax department has decided to set up a major data centre of such classified information on the lines of the existing two such centres on e-filing and TDS information.

The new office which has been named Centralised Processing Cell-Compliance Management (CPC-CM) will have its base in the national capital and a dedicated workforce, drawn from the department, will man it.

The CPC-CM is an ambitious project of the Central Board of Direct Taxes (CBDT) aimed at enabling the I-T department to use technical data to check cases of non-complaince and non- filers of taxes.

The project has been planned under the business intelligence project initiated by the CBDT to enable the taxman move from physical verification of a taxpayer to a smart approach of data-based monitoring and checking.

"The aim is to basically ensure voluntary compliance by taxpayers through the use of intelligent data at the disposal of the I-T department," a senior official involved in the project told PTI.

To bolster the investigative and enforcement skills of the I-T officials, the CPC-CM will have the entire database of the Permanent Account Number (PAN), reports generated by finanical snoop agencies and the full assortment of letters and notices issued to non-compliant taxpayers, their replies and the final action in the new centre.

"The I-T department has already created two CPCs which have been running successfully. The first is for capture of e-filing data of taxpayers based in Bengaluru and the second is for hosting Tax Deducted at Source (TDS) data in Ghaziabad," the official said.

EDITORIAL OF THE DAY

  • Census shows urgent steps are needed to dispel rural despair

    The much delayed Socio-Economic and Caste Census, 2011, has finally seen the light of day, and going by its conclusions, it couldn’t have come a day

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Taslima Nasreen

Gender stereotyping needs to end

It was around 1993 when some women working in Bangladesh’s ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Shona Adhikari

Paint brush in hand, head in the clouds

This week we bring you a variety of art news. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture