Wednesday, 17 May 2017

Transaction through tax evaded money no longer easy

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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 digitization. "After demonetisation, following the various steps were taken by Central Bureau of Direct Tax, money from tax 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.

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