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Taxmen to Tally Returns with High Value Deals

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CBDT to broaden NMS for a more robust database
Tax authorities will use 360 degree profiling and match the database of people filing returns with information about high value transactions to unearth concealed income.
The Central Board of Direct Taxes has received one crore information through the Non-Filers Management System (NMS), more than 50 lakh tax payers were added and about Rs. 7,000 crore taxes were collected, CBDT Chairman Atulesh Jindal said. “We have a very robust nonfilers management system, under which we are matching the information which is being received from various sources,“ Jindal said .
At the end of the two-day annual conference of tax administrators, Jindal said this year the CBDT has further expanded the areas on which information is being received. “Our emphasis will be to broaden this NMS so that we have more robust data base, on the basis of which we have more widening of tax base,“ he said, adding that the department would use non-intrusive method for widening of tax base. The CBDT plans to launch a comprehensive integrated grievance redressal system called `e-Nivaran' and a pilot project would be launched in Del hi within three weeks.
“We have evolved a very comprehensive grievance redressal system which will integrate the 3-4 modes filing grievances,“ he said.
“It has been decided to launch this project on pilot basis in Delhi and this project will be launched in 2-3 weeks. The modalities for field formations were discussed in the meeting,“ Jindal said.
Currently ,CBDT receives taxpayer grievances via separate channels like online grievance redressal system, Centralised Public Grievance Redress and Monitoring and Aaykar Sampark Kendra, among others. Jindal added that various e-initiatives and ways to bridge communication gap were discussed by the taxmen. It was decided that I-T Commissioners will hold town-hall meetings in their respective zones and inform people on details of the scheme.Central Board of Excise and Customs (CBEC) Chairman Najib Shah said Goods and Services Tax (GST) was on top of the agenda of the two-day meeting.
“With the GST draft law in public domain, and CBEC having to play a crucial role we had detailed discussion. The discussion was also on IT preparedness of CBEC to meet the requirements of GST.... We have trained a lot of officers in the states as well,“ Shah said.
Economic Times New Delhi,18th June 2016

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