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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Tax offenders stashing black money abroad must be booked

    There can be little doubt that for the government to get at those salting away unaccounted and untaxed money in foreign banks is a long overdue exerci

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Riding the product startup wave

That the Indian youth is undergoing a massive change in ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture