CBDT diktats: Foreign donations under scanner

CBDT has issued directives for scrutiny of cases during 2013-14 by the taxman, which includes big-ticket international transactions

All foreign donations above Rs 1 crore will come under the scrutiny of the Income Tax Department. The Central Board of Direct Taxes has issued directives for scrutiny of cases during 2013-14 by the taxman, which includes big-ticket international transactions.

It has asked the I-T authorities to check all foreign donations exceeding Rs 1 crore during 2011-12 (relevant for assessment year 2012-13) under the provisions of the Foreign Contribution Regulation Act.

The directive said the taxman could pick up any case for scrutiny "in respect of which information was received from other government departments or other authorities pointing out tax evasion".