Dilip Cherian | Foreign assets on IRS radar as CBDT lobbies

Dilip Cherian | Foreign assets on IRS radar as CBDT lobbies for more funds


Dilip Cherian | Foreign assets on IRS radar as CBDT lobbies for more funds
Published : Jan 28, 2021, 7:13 am IST
Updated : Jan 28, 2021, 7:13 am IST
Speculation is rife that Mr Sharma could be named the home minister or even deputy chief minister of UP
 News
The Central Board of Direct Taxes (CBDT) is strengthening its drive against unaccounted foreign assets and benami properties with a slew of steps. It has launched a new online facility to encourage informants to tip off tax sleuths on black assets abroad. Further, it has started creating special Foreign Asset Investigation Units (FAIUs) in its 14 directorates across the country. Already, sources say, some 70 investigators have been transferred to these units to kickstart their operations. Sources say that CBDT has also put in a request for more Indian Revenue Service (IRS) officers. Since this requires additional resources, the CBDT has sought more allocation in the Union Budget to fund the drive.

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