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Transaction through tax evaded money no longer easy: Arun Jaitey

IANS  |  New Delhi 

Minister on Tuesday said post-through tax-evaded money is no longer easy as detection has become very easy, thanks to digitisation.

"After demonetisation, following the various steps taken by Central Bureau of Direct Tax, money from evasion is not safe. Detection has become very easy. Technology is a big enabler. From various cross-references it can be found out how money has moved. Those who have been indulging in all these are no longer fine," Jaitley said.

He was addressing media at the inauguration of cleanmoney.gov.in portal. It is aimed to provide more comfort to the tax-compliant public.

The minister said there are three features that have emerged post- Firstly, the digitisation of transaction, secondly increase in the number of assessees and the quantum of receipts and finally there is huge fear of dealing in

--IANS

ag-rv/dg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Transaction through tax evaded money no longer easy: Arun Jaitey

Finance Minister Arun Jaitley on Tuesday said post-demonetisation cash transaction through tax-evaded money is no longer easy as detection has become very easy, thanks to digitisation.

Minister on Tuesday said post-through tax-evaded money is no longer easy as detection has become very easy, thanks to digitisation.

"After demonetisation, following the various steps taken by Central Bureau of Direct Tax, money from evasion is not safe. Detection has become very easy. Technology is a big enabler. From various cross-references it can be found out how money has moved. Those who have been indulging in all these are no longer fine," Jaitley said.

He was addressing media at the inauguration of cleanmoney.gov.in portal. It is aimed to provide more comfort to the tax-compliant public.

The minister said there are three features that have emerged post- Firstly, the digitisation of transaction, secondly increase in the number of assessees and the quantum of receipts and finally there is huge fear of dealing in

--IANS

ag-rv/dg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Transaction through tax evaded money no longer easy: Arun Jaitey

Minister on Tuesday said post-through tax-evaded money is no longer easy as detection has become very easy, thanks to digitisation.

"After demonetisation, following the various steps taken by Central Bureau of Direct Tax, money from evasion is not safe. Detection has become very easy. Technology is a big enabler. From various cross-references it can be found out how money has moved. Those who have been indulging in all these are no longer fine," Jaitley said.

He was addressing media at the inauguration of cleanmoney.gov.in portal. It is aimed to provide more comfort to the tax-compliant public.

The minister said there are three features that have emerged post- Firstly, the digitisation of transaction, secondly increase in the number of assessees and the quantum of receipts and finally there is huge fear of dealing in

--IANS

ag-rv/dg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22