I-T Dept launches online facility to tip it off on illegal foreign assets, benami properties


PTI, Jan 13, 2021, 9:46 AM IST

Credit: iStock Photo

New Delhi: The Income Tax Department has launched a new online facility that allows people to provide a tip-off about undisclosed foreign assets, benami properties or any instance of tax evasion of an individual or entity, the CBDT said on Tuesday.

The link “submit tax evasion petition or benami property holding” was activated on the e-filing portal of the department, on Monday.

“The facility allows for filing of complaints by persons who are existing PAN (permanent account number) or Aadhaar holders as well as for persons who do not have a PAN or Aadhaar.”

“After an OTP-based validation process (mobile and/or email), the complainant can file complaints in respect of violations of the Income Tax Act, 1961, Black Money (Undisclosed Foreign Assets and Income) Imposition of Tax Act, 1961 and Prevention of Benami Transactions Act in three separate forms designed for the purpose,” the CBDT said in a statement.

Once a complaint is filed, the department will allot a unique number to each complaint and the complainant would be able to view the status of the complaint on this weblink, it said.

This e-portal, it said, is yet another initiative of the department to bring enhanced ease of interaction with the taxman while strengthening its resolve towards e-governance and encouraging participation of citizens as stakeholders in curbing tax evasion.

The facility also provides an option for someone to be an “informer” and claim a reward.

Till now, such a classified or secret information could be given to the tax department by either visiting the I-T investigation wing office in person (resident Indians) and providing the information in a stipulated form and in the case of foreign residents they could email such evidences to the Member (Investigation) in the CBDT.

A reward upto Rs 1 crore (benami assets case) and upto Rs 5 crore (in case of any other tax evasion instance including holding black assets abroad), subject to certain conditions, is given to the informant by the department as per the scheme in operation at present.

Official sources said the department seeks “credible” information on tax evasion from the public so that it can act against the offenders rather than someone sending “anonymous information sans facts” that leads to wastage of the taxman’s efforts and undue claims of reward for tipping off the department.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Bengaluru: 3 JMB operatives sentenced to 7-year imprisonment in two terror-related cases

22-year old woman raped by bike taxi driver and his friend in Bengaluru

Number of Christians falls as Muslims, Hindus rise in England

Kishkinda: Banners, poster on banning non-Hindu traders displayed at Anjanadri Hills removed

Former Bengal minister Manab Mukherjee dies

UNDP official Usha Rao-Monari to visit India

Sooda: Annual feast held at Sooda Sri Subramanya Swamy Temple


Related Articles More

Tata group to merge Vistara with Air India; Singapore Airlines to hold 25.1 pc stake in merged entity

RBI to launch pilot of retail digital rupee on Dec 1

Sensex, Nifty settle at fresh lifetime highs; maintain winning momentum for 6th day

Cut in income tax, schemes to generate jobs among demands in pre-Budget meetings with FM

Markets hit fresh all-time highs; rally for 5th day

MUST WATCH

Deepotsava at Shri Durga Adishakti temple

Girija Surgicals nebulizer vedio

KL Rahul Visit Kukke Subrahmanya Temple

Police commissioner N.Shahsikumar statement about viral video

CCTV Footage about mangaluru incident


Latest Additions

Bengaluru: 3 JMB operatives sentenced to 7-year imprisonment in two terror-related cases

22-year old woman raped by bike taxi driver and his friend in Bengaluru

Number of Christians falls as Muslims, Hindus rise in England

Kishkinda: Banners, poster on banning non-Hindu traders displayed at Anjanadri Hills removed

Gujarat polls: BJP’s attack on Patkar attempt to paint Congress against state’s interests

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.