Question
The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into –
Answer: Option A
Answer: (a)
The Central Board of Direct Taxes (CBDT) panel on black money recently suggested the enactment of new laws, the strengthening of existing legislation and the introduction of deterrent penalties for tax offences to deal with the menace.
In its 66-page report on measures to tackle black money in India and abroad, the CBDT committee also recommended steps to prevent the generation of illicit funds through transactions in property, bullion and equity market.
Besides, the panel, headed by former CBDT Chairman Laxman Das, made a case for strengthening laws relating to investments by FIIs, Participatory Notes (PNs) and routing of funds from Mauritius.
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Answer: (a)
The Central Board of Direct Taxes (CBDT) panel on black money recently suggested the enactment of new laws, the strengthening of existing legislation and the introduction of deterrent penalties for tax offences to deal with the menace.
In its 66-page report on measures to tackle black money in India and abroad, the CBDT committee also recommended steps to prevent the generation of illicit funds through transactions in property, bullion and equity market.
Besides, the panel, headed by former CBDT Chairman Laxman Das, made a case for strengthening laws relating to investments by FIIs, Participatory Notes (PNs) and routing of funds from Mauritius.
Was this answer helpful ?
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